Newspaper Page Text
PAGE FOUR
THE BANNER-HERALD
Published Every Eveninf Except Saturday and Sunday,
and on Sunday Morning, by Athens Pu%lishing Co,
Earl B, Braswell ~,.,., Publisher and General Manager
B 0 ROWE . hhgepesmgaides. topana gy Edlitor
Dan " Maglil ..,.,_...,,_............,.Manuing Editor
Naticnal Advertising Representatives
Chas, H, Bddy Company, New York Park-Lexington
Building; Chicago, Wrigley Building; Bouston, Old South
Building: J, B, Reough, Rhodes.Haverty Bullding, At
lanta, Ga, |
-——
Member of the Assoclated Press 4
The Assoclated Press is exclusively entitied to the use‘
for republication of all news dispatches credited to it or
not otherwise credited in the paper, also to all local news
published therein, All rights of republication of special dis-|
patches also reserved, |
R N e
Full Leased Wire of the Associated Press with the Lead
ing Features and Comics of wne N, B, A,
e i et = G
’
BRUCE CATTON’S COMMENT
1
That tragic dispute at Hastings, N. Y., in which a
man and his wife barricaded their doors to keep
‘their infant daughter from being taken to a hos
pital for a life-saving operation, 'is ‘a thing that
could have happened at no other time than the
present.
A few decades ago the mere notion that anyone
might try to override a parent’s wishes about a
child’s welfare would have seemed unendurable.
The tradition of endless ages still held good, until
very recently—a man could do what he liked with
his won, and “his own” included members of his
family as well as his lesser goods and chattels.
Now we have got past that; and because two be
wildered immigrants in a small town hadn’t got ad
justed to the new viewpoint, the state’s attempt to
save the daughter's life seemed to them cruel, high
handed and deeply unjust.
And for those of us who are sitting on the side
lines, there is an interesting parallel to be drawn.
What <lse was this stubborn, heart-breakingly
confused attitude on the part of the John Vasko
family than a last flare-up of the rugged individ
ualisin of the old days?
There was a time when it was none of the state’s
business how a man chose to rear his children, It
is only recently that the higher duty and responsi
bility of the state has been recognized. This poor
immigrant shocks us, today; our grandfathers
would have called him a hero.
And we are beginning to see, now, that this ex
tension of society’s responsibility spreads into many
fields. Not only has society the oblgation to step
inside the family circle, on occasion; it must inter
fere in many other matters with which it never
before concerned itself, :
In sheer self-protection, it must interfere with a
man’s private business. It is getting ready, now, to
regulate the amount of foodstuffs a man may raise,
As he be a farmer; to say how many hours hiz em
ployes may work, and what' pay they shall get, if
he be a manufacturer; to say what he may do with
his money, if he be a financier, It has to do these
things, and many more like them, because the old
individualistic system does not work any longer.
» And the men who protest at this extension of
power are, in some ways, strikingly like this mis
guided immigrant who fights to keep the doctors
from saving his daughter’s life, .
As ‘the administration and Congress move for
ward with their recovery program, the ordinary
citizen stands a very good chance of gettingghope-,
legsly confused when he tries to reconcile the ap
parent conflict between the efforts which are being
made to balance the budget and the plans which
are being laid for fighting the depression.
On the one hand he sees drastic cuts in govern
ment expenditures—cuts running far higher than
anyone had supposed really possible,
But as he rejoices over these, he sees that this
same government is about to spend money on a
scale never before attempted in time of peace, S 0
as to restore employment and start industry going
again,
There seems to be a sharp conflict between these
two activities. On the surface, they appear to can
cel one another.
This conflict however, is more apparent than
real. E 3
The cuts that have been made come out of regu
lar, day-by-day expenditures. So far the federnl
budget has been pruned by something like $750,~
000,000, with further cuts in prospect.
Counterbalancing these cuts come the bond is
sues, The forest conservation work will take around
$200,000,000; direct relief to the states will take
$500,000,000 more; the farm and wurban mortgage
relief schemes will require vast additional sums,
and a public works bond issue that might run as
high as $5,000,000,000 seems to stand a good chance
of adoption,
The point to bear in mind is that these engr
mous bond issues do not actually cancel out the
savings already effected.
The federal government until recently was some
what like a man who, with an income of SIOO a
week, had living expense§ of sllO a week. Such a
man, obviously, is heading straight for insolvency.
Until he begins ilving within his income, no one is
going to be very eager to lend him any money.
Suppose, however, that he cuts his living ex
penses to SBO a week. He can now, if he wishes,
buy a house and shoulder a $2,000 mortgage. The
fact that he is far more deeply in debt than before
cuts no ice. He has balanced his budget by cutting
his day-by-day expenses. Having done so, he is a
good risk.
Uncle Sam is in much the same position. These
bond issues necedn't worry us, provided that the
budget for actual current expenses is reduced.
The most pressing guestion at Washington these
days has to,do with currency inflation; and, so far
the tide carried us in the last few months, the
chief point at issue now is not whether we are to
have inflation, but how the inflation is to be at
tained.
One group is plunking for out-and-out inflation
{of the traditional type, with a devalued dollar, a
flood of printing press money and so on.
The other group—which seems to include the ad
ministration—evidently prefers to get virtually the
same result in a different way. It is banking on vast
bond issues for public works and other projects, on
the price-raising provisions of the farm bill, on
minimum-wage and short-week regulations,
Of the two programs, the latter seems to be the
safer. Straightout inflation is generally pretty hard
to control. When you start it you run the risk of
being unable to stop it—and if that happens you
eventually find yourself in more trouble than you
were in in the first place,
But the interesting thing is the fact that practi
cally everybody seems to be in one or the other of
these two camps. Those voices wheh, a few months
ago, were loud in opposition to inflation of any
kind are stilled now. The nation as a whole is
about ready tc admit that inflation of some kind is
inevitable, and that the only problem now is to
decide what kind to adopt.
Economists ha\fe pointed out that the only alter
native to inflation is a continuing deflation of in
dustrial wages and retail prices.
Wholesale commodity prices nowadays are down
just about where they were at the beginning of the
century. If we do not adopt any inflationary
schemes to bring them up, all other ‘prices must
get down into line. T
This would mean dollar-a-day wages for the
mass of wagé ‘earners. It" would mean retail prices
such as our fathers and grandfathers knew. It
would mean such sharp reductions in. city, state and
fede budgets that unemployment aqd hunger re-
M%ects could. get no _more public funds. It
‘would, in short, mean a terrific intensification of
the nation’s present difficulties. =~ }
- Not even the most hard-boiled deflationist wants
that. We have turned our faces in the other direc
tion. Inflation seems to be coming; the only ques
hat kind we are going to have,
NEW HOME LOAN BILL
| Owners of humble homes who have
mortgages resting upon them for a greater
{amount than the owner can pay is inter
lested in the provisions of the new home
’]oan bill as proposed by President Roose
lvelt and accepted by congress.
Of all the relief measures for land
‘banks, farm loans and other measures in
augurated by President Hoover none of
them proved to be measures of real relief,
but measures with prohibitive clauses that
failed to benefit those for whom intended.
For the benefit and information of the
person with the little home and the big
mortgage, the Associated Press, a few
days ago, carried a news item containing
the information so much desired and
sought for by the home owner who is un
able to meet the payments on his house
or to keep up the taxes and insurance. The
news item details the requirements of the
bill in the following: ‘
“You would approach the Corporation,
showing that you paid 6 per cent interest
or more, that you were dependable, and,
that your obligations were now too big for
your income. -
“Once convinced, the corporation would
negotiate with the holder of your mort-l
gage. It would seek a reduction of the
mortgage to, perhaps $6,000. Successful,;
it would give to the mortgage holder in
exchange for the mortgage $6,000 worth!
of bonds out of the new issue bearing 4
per cent interest, e l
“You would get a new $6,000 mortgage
bearing 5 per <cent interest, payable in
monthly instalments over fifteen years.
“Should your financial condition be
such that vou could not make immediate
payments, the corporation might grant you
a three-year moratorium—>but you must
pay upafter that.
“If there were no building and loan as
sociation in your community the corpora
tion might establish a Federal one.
“But the value of your home must not
be more than SIO,OOO, nor could you ob
tain refinancing on a mortgage that cov
ered more than 80 per cent of the value
of the property.”
Such a measure will not only relieve the
small home owner, but it will contribute
a great deal towards reestablishing confi
dence and reviving an interest among the
loan companies in the extension of their
loan departments. In fact, with a liberal
policy as outlined in the proposed meas
ure, thousands of homes will remain as the
property of the small home owner instead
of being taken over by the holder of the
mortgage,
PROTECTION FOR SECURITY BUYERS
One of the most important features of
the reorganization plans of President
Roosevelt is that of protecting investors in
gecurities from misrepresentation by
sharpers, commonly termed ‘‘blue-sky”
artists. For many years there were no re
strictions on such salesmen and millions of
dollars of worthless securities were sold
promisculously throughout the country.
It was a common occurrence for invest
ors to find after making purchases of
stocks and securities that they had been
duped and the securities purchased were
not worth the paper on which they were
printed. However, recent years has
brought on an entirely different condition.
The states have enacted laws providing
heavy penalties for such offenders and re
quiring the clesest scrutiny of all stocks,
bonds and securities offered for sale. In
discussing the plans for protection of in
vestors against unreliable, but enterprising
calesmen of fraud securities, President
Roosevelt is quoted as saying: -
“There is, however, an obligation upon
us to insist that every issue of new securi
ties to be sold in interstate commerce shall
be accompanied by full publicity and in
formation, and that no essentially impor
tant element attending the issue shall be
lconcealed from the buying public.
“This proposal adds to the ancdient rule
of caveat emptor the further doctrine:
‘Let the seller also beware.” It puts the
burden of telling the whole truth of the
seller. It should give impetus to honest
dealing in securities and thereby bring
back public confidence.”
While the government does not guar
antee the soundness of such securities, it
is the purpose of President Roosevelt and
the plan of legislation he proposes to pro
vide protection for investors by making it
a crime and a violation of the law subject
to punishment in all such cases.
In the past banks and security brokers
have been derelict in their investigators as
to the real soundness of securities placed
on the market. This conduct on the part
of supposedly reliable agencies represent
ed by unscrupulous salesmen, has caused
innocent investors to lose millions of dol
lars. :
CONFIDENCE IN BANKS RESTORED
Since the declaration of President Roose
velt, declaring a moratorium on banks,
and the order of reopening all banks found
to be sound and stable, his action has
brought about an entirely different. feeling
among these who had fallen into the habit
of hoarding their money. Not only in the
large cities of the country where the pop
ulation represented a greater per cent of
such citizens, but even in the smaller cities
and towns of the country, those who had
become uneasy and skeptical of the sound
ness of their local banks have taken a dif
ferent view of the situation and they are
now depositing their hoardings in the
banks. Such a condition a§ now exist is
proved by the large increase in bank de
posits in all sections of the country. Here
in Athens, people who had not patronized
the banks in years, but had kept their sav
ings hoarded away are now trusting it in
the banks and with the bankers. :
! There ig a feeling of confidence prevail
ing among our people towards the banks
that is proving beneficial to not only the
banks, but it is enabling the banks to put
in eirculation increased funds that are
helping all lines of business,
THE BANNER-HERALD, ATHENS, GEORGIA
' A DAILY CAR INSIDE DOPE ON ALL INTERNATIONAL
| Y CARTOON CONFERENCES FOR THE NEXT 2,000 YEARS
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OCCURTO YOU - - 1
A Little of Everything,
Not Much of Anything
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BY HUGH ROWE ]l
-——————-———_——_—-&_—_—..-————‘
The Nation’s Conscience Fund i
has grown beyond the amount
of $600,000 and retribution con
tributions are being received
constantly by the federal gov
ernment, |
The first contribution sent to
the government and labled consci
ence payment was in 1811, From
that day until the presént time, re
mittances are received, through
anonymous .sources, amounts rang
ing from less than a dollar up to
a thousand dollarg. In some in
stances, people send in funds as a
gift, Not long ago this department
of the government received a sl,-
000 gold certificate and a five dol
lar gold piece. No names were in
closed, but evidently the gifts rep
resented a guilty conscience which
would not allow the givers rest
until retribution was made,
Often letters accompany these
gifts or remittances, explain
ing when the money was ob
tained through false cr pilfer
ing on the part of the consci
ence stricken person. l
But seldom do their accompany !
names or identification. An analy
sis of contributions made during!
the past few years shows virtuallyi
all being anonymously. The fund |
is not_ retained for any specific‘
purpose, but it is put into the gen
eral fund and used for payment of}
ordinary expenses of the govern
ment. However, a strict account
is kept of every dollar received
from these sources along with the
letter or instructions :u;company-‘
ing the remittances. |
“Suppose you were to see 4
the sun rising at night, what ]
would you call that?” said the
teacher to a country pupil |
whom she was examining on 1
miracles,
‘““The moon, please, Miss,” was
the reply. ! ‘
But seldom do they n(-company'
not the moon, but the sun, and!
you saw it actually rise in thGI
middle of the night, what would
vou think?” . I
“Please, Misgs, I'd think it was!
time to get up.” ;
The Dead Letter Office of l
“KING KONG”
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To an amazed civilizatisn is exhib
ited a cowed brute whose origin can
only bLe guessed at and_ whose story
has éven the news reporters thrilled
Ann, golden and glittering in a beau_
tiful Paris gown, reluctantlyy agrees
to Denham’s wish that she appear on
the stage. Even though'he is tightly
chained, she is afraid te g 0 near
“King Kong.” \
| the government is another in
| teresting department where in
teresting epistles are reccived
I and many valuables, such as
jewelry, as well as money. |
| The funds arising from packages
and letters improperly addressed
lor sealed, is far in excess of that
..received by the conscience fund
department. Hundreds of letters
sent to the dead letter office con
tain money . while hundreds of
packages contain valuable mer
i('handise of all kinds. ¢+ Such mer
chandise is retained for a fixed
period and then sold to the highest
bidder at public auction, Often rare
bargains are purchased at these
'Sales. Mo say the least, the sales
are interesting and attract large
f(‘rnwds of curiosity purchasers.
! s
i Well, so much for the post
| office department and its many
| interesting features. In days
' gone by, thé express companies
[ held similar sales, and maybe
I it is a custom yet continued.
These sales were known as ‘“old
|hoss" sales and people would bid
on hoxes and packages, sight, un
seen, at a lively rate, Sometimes
rare bargains would be found
while a majority of the boxes and
packages did not contain value for
which the purchaser paid. But it
was interesting—Xkinder like buying
a prize box of. candy with the
hopes of finding a diamond ring in
it. Seldom was the article sold
worth the price paid for it by the
| excited and curious purchaser,
'RESURRECTION IS
TOPIC OF SERMON
" BY DR. FORREST
To a congregation that filled the
church, Dr. R. A. Forrest spoke at
the Central Presbyterian church
Sunday night from the text, “You
Hath He Quickened Who® Were
Dead in Trespasses and Sins.” |
Dr. Forrest said: “In the gospels
there are three cases of resurrev-i
tion besides that of Christ Him
self; that of the daughter ofl
Jairus, a little girl who had just
died; that of the young man 01!
Nais on his way to burial, and
that of Lazarus, who had been
dead four days. All three were
dead, bui the evidences of death,
were more marked in some casesi
than in others. But Jesus the Lord
of Life, who is Himself “The Life",’
can give life to Lazarus just as
easily as to the little girl just]
dead; |
“Life is the result of proper ad-lat 10:30 a. m. and 8 p. m
Six-Day Summary of the Sensational RKO-Radio Melodramatic Phan
tasy Produced by M=zrian C. Cooper and Ernest B. Schoedsack.
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Yes, “King Kong” knows fear,
but it is for Ann. When pho
tographers shove Ann about for
pictures e Beast thinks his
Beauty is in danger. Thunder
rumbles from his throat.
Chrome steel chains snap.
Bars give way. Bedlam reigns
in a great auditorium!
Dull Sunciays Endr
As Crowd Attends
Band Concert Here
The dreams of Athenians of
“something to do” on dull Sunday
‘afternoons dame true here yester
day when a large number of Ath
ens people and students attended
the public concert of the Univer
sity of Georgia band at the Am
phitheater, ;
Following the successful . per
formance Sunday, Prof. R. T. Dot
tery, director of the band, announ
ced that another concert will like
ly be given in the Amphitheater
next Sunday afternoon,
The Georgia band which was re
organized and given more musical
training this year than heretofore
lwas assisted by a group of Ath
ens' best bandsmen ‘as guest ar
tists. i o
i A feature of the concert was the
' solos sung by Rev. John Tate, stu
‘dent pastor of the First Methodist
chureh, and tenor who toured
Europe with the Birmingham-
Southern college Glee club a few
years ago.
The new concert band made its
debut a few weeks ago at a musi
;‘eul appreciation class in the TUni
' versity chapel, where its program
was so well received that it was
asked to appear at the Amphithe
iator.
|
] PROLONGING IT
“Can you give me any idea as
to when this house is going to be
finished?” asked the future owner,
impatiently. “I’'ve arranged to be
married as soon as the house is
completed.”
“Don’t worry about that, = sir,”
replied the building foreman, giv
ing a knowing wink. “We’ll. hang
on to the job as long as we can.”—
Tit-Bits. "
justment to one’s enviroment. Sin
disturbs that adjustment and since
all are sinners, all are dead, for
the question of life on death is not
determinéd by one's conduct, but
by his relation to God. Christ is
our only hope, for ‘He that hath
the Son hath the-life, and ‘I am
the way, the truth, and the life.’”
Dr. Forrest speaks over the ra
dio at 8 a. m. and at the ¢hurch
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Driscoll rushes Ann into the hotel just across
the street and into a room on an upper floor:
_ “King Kong"” gets out of the theater by break
ing out & wall, -He 'saw Ann disappear into
the hotel and now he climbs up its walls as
easily as a fly. He snatches cne girl from her
bed. Finding she is not Ann he drops her,
& shrieking, to the crowded street, .
|
JACKSON TELLS OF
\
hpn i ss s ee o S ;
By SAM WOODS |
T. H. Jackson at the Western!
Union® Telegraph Company on
College avenue is familiar with
Warm Springs and he js heartly in%
favor of the erectioh of the hos
pital there. When Franklin D.|
Roosevelt reaches Warm S])l‘ings'
every year Mr. Jackson is there toi
handle the private telegraph Ot"fice]l
for his company and he has noi
better friend than the President of
the United States., Mr. Jackson‘
tells me that at the present 'time,l
people suffering with polio mylitis
are there from every state in the
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® You wouldn’t dare put an ordinary car
through a test like this! But day after day, week
after week, this big new Dodge Six goes through
every test that engineerscan devise.. . . through
mud, sand and water, struggling up steep hills
v heart-breaking trials that put every part of
the car under terrific strain.
But the big new Dodge Six comes through
every step with flying colors! Lesser cars quit
cold after as little as 11 minutes of such torture,
Dodge is still going strong after 600 hours of it!
AMAZING ECONOMY . . . COSTS LESS TO RUN
Nowonder thisnew Dodge Six gives yourecord
breaking economy. Excess weightis e/iminated
... lighter, stronger materials make this car safe
and economical. So of course it gives you more
miles per gallon. That’s one reason why it costs
" less to run—and why it outperforms its rivals
in traffic, up hill, or 'cross country. Yet this
tough conqueror of the test pit , . . this car of
amazing economy on the highway . . . is the
same Dodge Six that stuns Miami and other
smart places with its beauty. See this sensa
tional new Dodge today. Drive it. Test it. Com
pare it with any others. Any way you figure
it, Dodge gives you most for your money.
AR g
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-8 Bo F T a
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¢s‘ ABEEIP S ""n % &b |
JUST A FEW DOLLARS MORE THAN LOWEST PRICED
with Floating Power engine mountings
$5 9 5 AND UP &
F.-0O.: B. 0
FACTORY Nc
- DETROIT 115" H WHEEI'BA
Dodge Eight priced from ~sllls to $1395 f. o. b. factory Detrot
_—_—_————'__—_—__—“
J. SWANTON IVY,INC. 8
127 Broad Street Athens, Geord
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Union, besides ¢ 1243, Meod
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This year more +ha.. :
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state that be meae
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GOOD AT MATCHE
“My dear, why do
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¢ = b
CRAVA
Ann now knows that
«afe 50
where will she pe safe ;e
as “King Kong” Jives- ;
found her. He cm-rlesl
the roof of the puilding
when Denham andret
pursue him ti;»re,'h? w
the street. what is 10
fate? .