Henderson daily dispatch., March 16, 1935, Page PAGE SIX, Image 6

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

Image provided by: University of North Carolina at Chapel Hill Library, Chapel Hill, NC

                
PAGE SIX
DOLLAR PROFIT IS
HARD 10 GEL INTO
Government’s Action Is All
“Paper Profit”, Morgen
thau Admits.
By ('IIAKIKS I*. ST MAY ART
Oiilnil I‘ress Staff Writer
Washington, March 16. —The ad
ministration’s plan to "take’’ nearly
67ft millions of its so-called profit on
dollar devaluation is a thing to make
ihe average citizen’s brain reel.
I know it. for f have consulted at
least a couple of dozens of experts
on the subject and most of them said
it stumped them. A few tried to ex
plain the trick to me, but. so far as
I'm concerned. their explanations
weren't explanatory. Possibly this is
because a child still struggling with
(tie multiplication table can't be ex
pected to understand the solution ol
a (problem (n astronomical mathe
matics. Still. I can’t but recall that
a majority of the experts themselves
admit that they, too. are puzzled.
The program scents to he inflation
ary, but, even as to that, there are
differences of opinion.
AM. THMORMRTIC
To begin with, the governnu-ttt has
a certain amount of gold in its treas
ury vaults. Theoretically United
States money is based on it. It is on- .
ly theory, however, for currency no |
longer is redeemable in it.
In effeet, it would he more correct i
to say that the government has some
thing (not clearly defined) that fixes |
money’s value.
By presidential decree, authorized :
by congress, it is declared that this 1
•something" (referred to as gold, but j
it cannot be dependably -to consider- j
ed, for practically all authorities agree 1
that it is unlikely gold redemption
ever will he resumed) t* worth ap- j
proximately 11 per cent more than
previously.
Accordingly the treasury holds ap
proximately 11 per cent's worth more
of “something or other’ 1 than before j
the dollar was devalued.
MATERIALLY HIM SA7VTM
In a material sense nothing has
been change.!; nothing added to the
treasury’s hoard, and nothing sub- i
tiact 'd from it.
The treasury simply is about 41
per cent richer.
It is an increment totaling, arith
metically, nearly three billions, reck
on i d in dollars!
There is no pretense that those
three billions ;ue .anything except j
bookkeeper's figures. They represent
zero in tangibilities. Treasury Seen - j
tary Henry Morgenth.au. Jr.. himself
sp»-aks of them as only “paper profit."
Nevertheless, the government now j
i- moving to "take nearly 67ft mil
lions of its profit, to reduce its ob- ,
ligations arid tii-ht n its hold on the ;
banking system.
General Assembly Starts
Momlny on Revenue Battle
(rontliMleii irom Page One.l
fi-eal years and the revenue bill is es- !
tliiiat.il to yield $62.700,(t00 in tax I
money during the same period.
Under present plans the revenue
bill will pri'Oede tin- eompanion sup
ply mea toe through tin- two branch
Investigations of two prison camps
in Western Nnrlh Carolina brought
charges of gross mistreatment hints i
of secret burials of prisoners before j
members of a joint committee on |
penal institutions.
The probe grew out of the los of j
their fnet by two Negro prisoners who (
were hackled in solitary eonfineinen* I
in a Mecklenburg county prison
ramp. The committee plans to send
members into Watauga county next
week to run down rumors of secret
burials before the State took over
road camps and short term convicts.
The Hill Full to call a vote on the
question of State sale of package li
ouor was debated in the Senate Thurs- j
riav and then sent to the finance com- |
mitten for further consideration.
Supporters of the liquor bill pri
vately admitted that they believe the
measure will show more strength if
held hack until the assembly is in the
throes; of monetary difficulties. It
then can be offered as a budget bal
ancer as well as a prohibition reform
measure.
Yesterday the House of Represen- i
tatives voted to increase the alcoholic
content of he< r from the present 3.2
percent to five per cent. The hill was J
passed after once being killed and
now must negotiate a more or less
stormy Senate postage with prospects '
of enactment some brighter than in j
the House.
Enacted into law this week was a
bill authorizing the stile of $250,000 in ,
Statt bonds for the construction of a I
tubercular hospital in the western
part of the State. The measure Car
rie:; an operating appropriation of $lO.
000 for the first year and SIOO,OOO for
the second year of the next biennium.
Another new law appropriates $75,-
000 annually to he watched with Fede
ral funds for maintaining employment
offices throughout the State.
The Senate this week debated at
length a bill passed by the House
which would compel vaccination of
.all dogs against rabies. Further con
sideration by the upper branch is
scheduled for next Tuesday.
Today's sessions of both Houses
wi'if brief and only local legislation
was considered as most members took
the customary legislative week-end
at their homes.
Certain occupational diseases were
placed in line for workmens’ com
pensation under terms of law enact
ed this week. Its passage through
both Houses precipitated much de
bate with most disagreement coming
over a provision to include blisters
in the list of recoverable damages.
An investigating committee was
named thi week to probe charges of
mistreatment of nurses at the Mor
ton stale hospital fop the insane. The
committee plans to visit the institu
tion but no dale ban been set for the
trip.
bailing by the wayside in the leg
islature this week were bills to reform
\ absentee voting and to establish a
I s>tntP Port Authority to promote ship
ping by water. Tie voting bills were
■ killed hut the port measure was with
drawn by its Senate authors who
feared it might jeopardize the future
of a present development at More
head City.
A resolution to ratify the Federal
Child Labor amendment got an un
favorable report from a House Com
mittee. but it is scheduled to get a
change at the calendar under promise
of a minority report next" week.
A Senate committee approved a bill
to require the State to pay actual ex
penses in accidents where children
are hurt or killed when riding in pub
lic school buses.
Other hills introduced would restore'
salaries of court solicitors from $3,900
to $4,500 per year, and restore cuts
in pay for the State teacher, Comniis
sioner of Agriculture commissioner o l '
of Labor, and Commissioner of Insur
ance.
Many Persons Given
Jol>s in the Carolinas !
<Ooi»t.'.uued front r»«ge On* >
for South Carolina, but wages in
Notth Carolina totalled less in 1933
than in 1931.
Textiles were responsible for teh '
majority of workers in both states,
hut cigarette manufacturing absorbed
14,899 of the North Carolina work ms
in 1933
Morgenthau Grins With
Govt.’s Revenue Climbing
|
(('onto lied from Tage One.)
depreciation allowances.
Reports up to yesterday disclosed
that more than $47,000,000 had been
j returned to the Treasury in income
I taxes thus far in March. An addition
al $120,000,000 is expected to be re
j ported during the first four days of
I next week, measured by past per
formances.
Hauptmann Sees
Three Go to Doom I
(Continued fro*n Pago One.)
was given a firm hand clasp and (old:
"Pray to Clod."
Hauptmann dropped to the edge of
his hunk and stared expressionless
less at the wall as the last of the j
1 doomed men departed. The heavy steel
doors closed, shutting out every sound
from the execution room beyond, while
silence settled again over the high •
ceiling death house.
Davidson Will Is
F iled In Carthage
(Continued from Page One.)
I’J. M. .-iatUr, hotel magnate, married
H. Bradley Davidson, Jr., of Washing \
i ion, two months .u fore her death at
I ’inohui.st Februaty 27.
It was learned this afternoon that j
i he had left Raleigh, presumably to |
| mo to Bin hurst.
I MRS. DAVIDSON’S WILL IS
I’ll.Ml) IN MOO KM COUNTY
I Carthage, March 16.—tAPi—A pur
[ ported will of Mrs. Elva Stutler David
son, leaving the bulk of her estate to j
[ 11. Bradley Davidson, Jr., of Pinehursi i
! and Washington,, was on file today !
j with the clerk of superior court of |
| Moore county.
The only bequest other than to her j
husband wer * $5,000 to Radeliffe Col
lege Boston, and $7,000 to the Dwight
School of Englewood, N. J.
There was no reference in the will
j to the amount of the estate, hut at
j torneys familiar with Mrs. Davidson’s
' financial affairs said it was baouf
; $560,000.
[Unrest Is Evident
In Smaller Cities
(Continued from Page One.)
all its troubles —but New York does
not count for the moment.)
The average man of the interior is
rising to rule in a mass. It is a
j “ground swell” movement, mighty in j
Jits cumulative force.
It was this same sort of movement !
in Germany, dramatized by the p i- j
sonality of Hitler, that brought gov- |
eminent into the hands of the few
who rode on thes boulders of the j
mass.
Who will ride on the shoulders of
'he mass here?
It doesn’t seem as if the man has ;
i yet arrived.
But he will have to be two-fisted—
to be accepted.
I T overheard a young n»an say to
day:
“We must get astrong man to set
'aside the constitution—to get things
done. I am for a dictator, no consti
| tution. The constitution always seems
to stand in the way."
That is strong talk. The young
I man never has been far away from
; his home town. He never has beer
j to Germany or to Italy or to Austria
\ This thought has grown into him,
isolated though .ho is. He seeks a sol
j lit ion by force.
Why? Because democracy has fail
; ed?
Because greedy interests prevent a
j democracy from operating, this young
j man would destroy democracy. Os
course, he does not see it in that
' ; manner, but that is what his battle
; cry m ans.
: { KULMK WORSHIP
The world seems stricken with ruler
: ! worship.
In Japan, the case of the professor
; a noted constitutional authority, who
l wrote in one of his hooks that the
emperor was an organ of the state,
•'arouses intense indignation— holding
- up many matters of paramount im
portance to the people.
i ' Debate in Ihe house of peers vir
- | tually all was for making it clear
r j that the Japanese emperor is a “sti
i | por-indiviyfial divine human being.”
One peer demanded that the army
i and the navy drive the “evil thought”
f out of Japan—the evil thought that
-j the emperor was responsible either
* [ to the people or to parliament. But
- i the ministers of the army and the
* navy were perplexed as to what they
I could do concerning something that
. j had been permitted to get into peo-
i J pie’s minds.
HENDERSON, (N. C.) DAILY DISPATCH, SATURDAY, MARCH 16, 1955. - !■'
Birdman Starts New Epoch in Aviation
\ •. ■
Gliding flight of Clem Soiin (right) at Daytona Beach, Fla., with j»
win" in nihnnei depicted in drawing, has opened new aviation epoih, j £
v.iih luithii ia. ! over country setting to work on wings to duplicate Vwlliilliii ;.. : ■■■"■s
In- l -.u l (mu bis " i urn" may become as historic as first human vjplllllf ’•
balloon u (“c/inion. by ue Hazier in 1793 (left) or first flight of Wright
—OUR YESTERDAYS—-
When President Taft Purchased Automobile ;
The First President to Make Use of a Car
Familiar po*e of Taft„ Riding in ihe White House automobile
OM.E 1111. practicability of the |of an auto was W illiam Howard net nervier Kept an automobile al
automobile .became a fact, it was ; Taft <>n<- was purchased toi the the mansion but Roosevelt seldom
d long before one of the machines j White Home at the beginning of rode m it The first president
ame a. pari of the Whit.- House I his ndniii.ist ration. m 1909 Imr elected who had evei driven a car
pmeut in W;.. h.avion The | in- the_. latter part or Bi t . idem j lamscli was Harding and F I*
.’i. Mil to * r*.g(:iai nri- i RroccvHt'x admini:..? ration the se- ! Roosevelt i* the onl> ©their one
Cuban Dictators Kill Scores to End Strike
‘•i
Hundreds are reported to have been killed by Cuban forces as Mendieta instituted iron-handed measure
under man ml law to break a revolutionary general strike, and scenes reminiscent of 1933 outbreak one 5
which is seen at upper left, are being reenacted. New photos below right from Havana »C wwl
*•»* *>*«•» m Pr,M)
Blood Pressure Meaning;
Why , now 11 Is Recorded
By LOGAN CLENDENING, M. D.
BLOOD PRESSURE is literally
nothing more lhan the pressure ex
erted on the blood stream to keep it
circulating. The body has to get
blood to all its
distant parts—to
the brain, for in
stance. In order
to do so, Nature
has provided a
pump—the heart
—and a set of
c o n d nits the
arteries. The
heart pumps the
hlood into the
arteries and they
convey it to the
brain. In order
to get there,
pressure must be
continually ex
erted upon It.
Dr. Clendealpg
This pressure is
derived mostly from the heart. But
the arteries bein' 'astic. they main
tain pressure c blood contained
within them, 'i ,ast. factor is the
most important t..,e in blood pressure
because it. gives the necessary even
and continuous flow to the stream.
The method of measuring blood
pressure is the result of a large
number of adaptations, which have
taken some time to perfect.
The first experiment on measuring
blood pressure was made directly.
This was away back in the eight
eenth century. An old mare who
was due to he slaughtered was fas
tened to a gate on the ground, her
femoral artery opened, and a glass
tube inserted directly in the artery.
The blood rose to the height of about
eight, feet, and this was the amount
of pressure exerted upon it.
From that day. attempts were
made to perfect an apparatus that
could he used on human beings. One
can see t hat if an artery is com -
pressed shut, the amount of pressure
from the outside needed to compress
it will he eouni to the pressure main-
Europe Awaits Their Talk
European hopes of averting new crisis hinge on forthcoming conversa
tions in Berlin of Sir John Simon (left), British foreign minister, and
Reiehsleader Adolph Hitler (right), probably in the Presidential palace
shown below. Stanley Baldwin, when acting prime minister, recently
declared the. Rhine now was Britain’s frontier, and “White Paper ini
tialed by Premier Ramsay MacDonald revealed British intentions to
to the teeth because of German rearmament
FORD, 71 YEARS OLD, REMAINS FIT
' * ... ■
Henry Ford
Retaining the spryness of youth, !
Henry Ford is pictured after dash- |
ing up the steps es Detroit city j
Juil te Yifit Eriftk fymm* i
rained on the blood inside the aru ,.
And if compression is made, ami ,'*
leased, (he amount of pressure need
ed to open it i s exactlv the Slrl
pressure as that exerted the ,
nmn of hlood to raise if to ei-ht iV.-. r
How can that pressure tie men-iired*
The method we now use i - i 0 a J p |
n flat rubber hag to the arm so , ha ‘.
the ruber will be just over the main
artery of the arm. This hag is r r , n
nected hy a tube to a dial which will
] measure the pressure. Then the ha*
S is pumped full of nit- until the pres*
sure obliterates the artery. \i tr,u
point the pulse disappears and the
pressure inside the hag is the amount
of pressure needed to keep rhe ar.
ter.v r*ien so as to maintain circula
tion—in short, the hlood pressure u
is recorded on the pressure grang*
! connected with the hag.
In practice, the pressure Is raised
until the pulse at the wrist disap
. pears and then the pressure graclp.
ally released until the pulse ju ?t
barely can be perceived. The pres,
I sure is recored in terms ot tf,*
, heiglit a column of liquid will r t s#
, in a tube. Any liquid could he use*
i but for convenience we use a heavs
one—mercury.
I The average hlood pressure.—not
: necessarily the normal hlood pressor#
> —for those under SO, is 120 mint.
meters of mercury. Such is the svs.
t tolic pressure—the pressure whe*
. the heart is in the contraction
stage. The diastolic pressure- when
i the heart is in the relaxation stage
is about 40 millimeters lower.
i EDITOR’S NOTE: Six pamphlet*
. hy Dr. Clendening can now he-ob
tained by sending 'lO cents in coin, taj
each, and a self-addressed envelop*
stamped with a three-cent stamp,
■ | to Dr. Logan Clendening, in car ad
this paper. 'J'De pamphlets ar»:
“Indigestion and Constipation," “He,
during'and Gaining.” “Infant Feed
ing.” “Instructions tor the Treatment
of Diabetes,” “Feminine Hygiene"
and “The Care of the Hair am) HI n"
Mayor Frank Couzen*
right, son of his former partn**
and now United States 9en&t ® x '
The Detroit motor magnate il j}
——