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WHEELER COUNTY EAGLE
11.50 A Year, In Advance
OFFICIAL ORGAN WHEELER CO
PUBLISHED EVERY FRIDAY
J. I GROSS, Propreton.
Ente- at the Post Office at
Hamo, Georgia, as second class
u«U matter, May 16th, 1913, under '
We admire the “spunk” of
three Georgia Congressmen,
Deen. Parker and Vinson, who
were among those who signed a
petition to force a vote on the
veterans’ bonus biU. The ex
service men will not forget these
men at the polls—Gainesville
News.
Gold coin disappears from
circulation. The President’s
gold order outlawed all outstand
ing coinage of the yellow metal.
This nation is now on a gold
bullion standard; gold is trans
ferable only in in bulk, and then
only when permitted by the Sec
retary of the Treasury. Gold,
until April, 1933, was freely
coin d at the mint in denonmina
tions of S2O, $lO, and $5. Most
currencies, until the abandon
mentoftbe gold standard last
year, was redeemable in gold at
their face value.
The Georgia Mercantile Ah.
sociation, composed of merch
ants throughout the state, pre -
sents as evidence against the
sales tax the crushing defea
administered by the people o
Birmingham, Alabama, to th<
one per cent sales tax which wa
voted upon last week. It is point
ed out that the sentiment of tin
people of Birmhingahm is not
different to sentiment of tin
people of Georgia, with reference
to the sales tax, the people o
Birmingham defeated the om
per cent sales tax by a vote of
more than four to one.
During the 1933 session of tb«
Georgia legislature the Georgia
Mercantile Association opposed
most vigorously the drastic 5
per cent sales tax bill which was
introduced in that session. The
bill sought to make every person
makings purchase in Georgia
pay a tax of 5 per cent of tht
price of any article purchased.
It was a tax that would have
driven literally hundreds oi
thousands of dollars worth of
business out of the state to es
cape the tax, but it was defeated
when it came to a vote in the
house of representatives. Should
it come up again, which is al
most sure to happen, let th<
voters of the state have a chance
to vote on the question, the re
sult, we believe, will Fettle for
all time the agitation for such a
tax.
Ths theory behind the cottor.
reduction program is that if the
American farmers will reduct
their crop of cotton for a year oi
two, the big surplus will be got
ten rid of and the price of th<
staple will rise. Buta great manj
people believe that there is a flaw
in the logic. Large quantities of
cotton are exported and the price
in our market depends on the
world price. Now the world price
depends on supply and demand
If the other cotton producing
countries would cut their crops I
as America does, something!
might be done along the line ol i
reducing the supply. But un
fortunately this will not be the
case. Already we are getting
stories that Egypt, Russia and j
other countries which produce:
cotton, learning of the imminent
crop reduction in Ame iea, are
preparing to increase their crops •
of the staple during the nextyear
or two. Therefore the African
and Asiatic cotton grower is apt
to profit while the American
farmer loses.
BANkiUG RETURNS
TOWARD NORMAL
Reconstruction Finance Corpor- j
ation Loan Repayments Show
Banks Lead Procession in
Recovery Movement
Indicating a rapid return on the part ,
of the banks to a normal self-sustaining
basis, 54 per cent of the loans which
they made from the Reconstruction
Finance Corporation to tide them over
the difficulties of the past two years
have been repaid by them, it Is shown
in a recent official report.
The R. F. C. report, issued on March
' 6, says that the Corporation since it
began operations in February, 1932,
had made aggregate cash advances to
railroads, agricultural and home loan
agencies, insurance companies and va
rious other institutions in the amount
of $4,786,410,000. Os this sum banks
and trust companies, to the number of
6,783, received actual cash advances of
$1,520,540,000, but have already paid
back $820,260,000, or 54 per cent. These
figures are exclusive of $376,390,000 in
loans authorized but withdrawn or not
availed of by the banks.
Non-banking borrowers received R.
F. C. advances in the amount of $3,265,-
870,000, and made repayments of $377,-
830,000, or less than 12 per cent. Among
other classes of financial institutions
reported as making high ratios of re
payments are building and loan asso
ciations which had received $114,020,-
000 and have repaid $53,880,000, or over
47 per cent, and insurance companies,
whose borrowings totalled $88,590,000
and repayments $34,340,000, or nearly
39 per cent. None of the major non
governmental financial groups showed
so high a ratio of repayments as the
banks and trust companies as a group.
BANK LOANS AND
BUSINESS RECOVERY
Official Describes Efforts of Re
serve Banks to Bring Out
Deserving Borrowers—
Present Situation
Typical
Apropos of the part that an expan
sion of business loans by banks occu
pies in the early stages of the business
recovery which is now gaining head
way, a Federal Reserve Bank official
recently gave an interesting review of
the experiences of his Institution In
this connection. In 1932 the Federal
Reserve Banks were empowered by
law to make direct loans to individuals
In unusual circumstances when they
had boon unable to obtain loans from
a commercial bank, he pointed out.
From the middle of 1932 to the end
of 1933 there were 1,286 applicants for
loans at the New York Federal Reserve
Bank under this law. The great major
ity of these applications proved on ex
amination to be for funds for capita)
purposes, which are properly supplied
as an Investment in the business, or
else were mortgage loans or others un
classiflable as commercial.
Only Fourteen Qualify
Only 250, or less than 20 per cent,
were of the type which merited de
tailed Investigation. The amount In
volved was $9,525,000. After further
study of these, the Federal Reserve
Bank was forced to turn down the ap
plications of 236, finally offering credit
in the sum of $1,417,000 to 14 prospec
tive borrowers. Os this amount, only
$806,000 was actually loaned, more than
one-half of which was still outstanding
many months later. Two of the borrow
ers went into receivership.
“Since it was the special endeavor
of the Federal Reserve Bank to make :
every possible loan under the emer
gency provisions of the amendment,
and since their best efforts resulted in
the extension of so small a sum as to
have no effect on the total volume of
commercial loans, It is a reasonable as
sumption that eligible borrowers en
titled to bank credit are being provided
for by the commercial banks,” says the
American Bankers Association Journal
In commenting on this episode.
It is characteristic, as shown by
studies of past business cycles, tor
changes in the volume of commercial
bank credit to follow behind either con
traction or expansion of business ac
tivity. says a financial writer in the
New- York Times. This was manifest
recently in England's recent recovery
where there was a lag between in
creased business and Increased com
mercial loans.
County Key Bankers
Describing the activities of the Agri
cultural Commission of the American
Bankers Association, the Director, D.
H. Otis, says: “With 2,500 agricultural- '
ly minded bankers designated as I
county key bankers, there is enlisted a
tremendous force for the improvement ■
of agriculture. These key bankers
bring organized assistance to progres- ■
sive bankers, who are led to see the
possibility of agricultural work in ■
their communities. Banker - farmer
tours are emphasized as a means of
acquainting bankers, farmers and other
business men with first-hand knowl
edge of how agricultural improvement
methods are working out In practice.
These give an opportunity for the key
bankers to contact country bankers
and work out new ideas."
WHEELER COUNTr EAGLE, ALAMO, GEORGIA
nii ri iTT _l_ji i. ~ zzr..
1934 Economy in Cooking
WITH THIS w
W? Slsctfk kahgs
{
Ui •
P UNiVERSAI\
" - ELECTRIC RANGE 7
I' 7 K, /
.Tail- < • j®-
See An Electric Range First
Before you bu; any range, just see an Electric Range
—and see if it .sn’t exactly the range you’ve dreamed
of, the one yc 've wanted to own! Models to meet
your needs. Jr t the ranks of over a million kitchen
free women-— ore than 17,000 of them in Georgia!
I Electric Water Heating
: Belief that Ele ric Water Heating “costs too much”
: has kept some . eople from enjoying this modem com
fort. But nowt : New Low Electric Rates, with their
: Free Electricit. have removed that obstacle. Buy
your Hotpoint aromatic Electric Water Heater now I
’ during our cal Prices and terms you can’t afford to
i overlook, invei -;aie!
WU .- ; -rjaWirJllKSs. ac;.
Sweets Consumption a Measure
Os Civilization, Says Economist
WHAT is the mark of a high stage |
of civilization? Plenty of sweet
foods Is, somewhat surprisingly, the
answer suggested by Dr. John Lee
Coulter, noted economist, member of
the United States Tariff Commission,
and now in charge of the efforts being
made by the various sugar industries
to draw up a stabilization code de
signed to cure the ills of their indus
tries and Increase employment.
Dr. Coulter's answer, of course,
calls for elaboration. He does not
mean that an individual or a people
merely by eating more sugar will
necessarily become more civilized. If
that were the case it would probably
be a relatively simple matter to bring
the more backward peoples up to the
standards of the more advanced. It
would only be necessary to ship a lot
of sugar to t' e Papuan headhunters,
and in a few years they would provide
a thriving market for motor cars, \
radios, and plus fours.
What Dr. Coulter does mean is that ;
the ability to purchase sweet foods
In all their man;- forms Is a symbol
of that degree of comfort, happiness
am? security which means a high
stage of civilization to the vast ma
jority of people in this country—a
country which has always prided it
self so much upon its high standards
“It is the ability of the great mass of
the American people to possess and
enjoy the little luxuries of existence
which has always distinguished us
from the rest of the world," Dr. Coul
ter declares, “and that is what our
present recovery program is trying
to restore."
"For a comparative few of us," he
says, “happiness depends on a trip to
Europe upon a luxurious liner, Pa
risian hats and perfumes, or member
ship tn an exclusive country club For
the tens of millions who make up the
backbone of our citizenry, however,
happiness depends upon far simpler
pleasures and I know of no better
symbol of them all than the ability
to finish off the meal with ice cream
and cake with frosting on it, to stop
In at the drug store for a sundae
on a hot afternoon, or to bring home
a box of candy to the family at the
end of the week. These are the luxu
ries that practically all of our people
used to be able to afferd, and that, if i
our plans succeed, they will bo able I
to afford again.
Concrete Work |
Anyone wishing Con
crete work done, see
me. I am experienced
in this work. Satis
faction guaranteed.
FL S TAYLOR
Alamo, Ga.
— I
For Sale
—
Genuine Covington wilt resist
antcotton seed —Also choice hay.
Alamo Union Warehouse Co.
W. E. Currie
■
Harris 4 Siring
I Dr. John Lee Coulter, noted economist
and tariff expert, now presiding over
efforts of the sugar Industries to draw
up their code.
"America was largely settled by
people who, leaving poverty behind
them in Europe, sought to better their
lot in the new world. At first times
were necessarily hard. Food was none
too plentiful. As conditions improved
a greater abundance and variety of
food on the family table was one of
the first marks of improvement. From
the earliest settlements until the
present day. our people have always
celebrated their joyful anniversaries
by piling the groaning board with
sweets and other special delicacies.
When we see the ability to do this
restored to all our people we will
know thaj our ‘New Deal' has suc
ceeded."
The sugar stabilization program in
which Dr. Coulter is now engaged is
an endeavor to bring producers and
processors of sugar into an agreement
along lines that will lead to greater
employment In the cane sugar re
fineries along the Atlantic, Gulf and
Pacific Coasts, in the cane fields of
Louisiana and Florida, and in the beet
sugar fields and processing plants in
the Middle and Far West. It is an am
bitious and far-reaching program, and
one that will have a far-reaching ef
fect upon the welfare and purchasing
power of tens of thousands of workers.
BILIOUSNESS
g Sour stomach g
g gas and headache
due .to
g CONSTIPATION g
I ( Jotebs I
U lOt 554 m
Thank You!
One "take this" is better than a
thousand “good luck to you I”
New Low Electric Rates
Reduced Prices—Special Sale
Now a new opportunity is yours to change hours
of kitchen drudgery into hours of freedom from
cooking cares. No longer does any woman need
be satisfied with her second choice of ranges.
While this Great Sale goes on, reduced prices
and special terms make it easy to buy your Elec
tric Range. And 1934’s New Low Electric Rates
have made the Electric Range as cheap to oper
ate as a wood range!
With a Universal or Hotpoint Range you can
cook an entire meal in the oven, unwatched and
untended—simply by seating a control.
Prices on Electric Ranges are substantially
lower, beginning at $99.50 cash. Trade in your old
stove for a liberal allowance. Pay but 5 per cent
down, balance in 24 months. Under the New Low
Electric Rates with their Free Electricity feature,
you will be surprised how little it will cost to use
your range.
GEORGIA POWER
COMPANY
St
Rural Schools and City Schools
Summer Work and School Year Positions
TEACHERS
You can earn several hundred dollars this
summer, and you can securea better position and
a large salary for the coming year. Complete
information will be mailed on receipt of three
cent stamp. Send for it today
CONTINENTAL
TEACHERS AGENCY, INC.
1850 Downing St., Denver Colo.
Covers the ENTIRE United States
“Thanks for sending me so many good positions to apply
for, over 30 during the fir st five days I was enrol led.i’ — An Illinois
Teacher.
SCHOOL OFFICIALS:—We can put you in touch with the
very finest teachers. Our service is free to you.
y -- - - ’■ — ■-. 1
The Fraternal Tomato
THE tomato is a gregarlou:
chap. He’ll go along with
almost any other food bro
therly fashion and he doesn’t care
whether the food is a me at or a
vegetable as long as it and he are I
well cooked. He is quite contest I
and toothsome, for instance, in
such a combination as:
Kidney Beans with Fresh To
matoes: I'ut aitrate lavers of '
kidney beans from a ’O'c-ounee I
can and fonr sliced ripe tc::uiss
in a buttered to : ‘m- scosen l
Ing each layer of tomatoes wi:h
salt and peppe. Ccv r top with |
buttered crumJ and lay three 1
long s ices 1 aeon, cut in halves, on ,
top. Bake in medium oven till to- I
1934 APRIL 1934
Sun Mon Tue Wed Thu Fri Sat
1 2 3 4 5 6 7
8 9 10 11 12 13 14.
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30
matoes are done, and the ertmbs
brown and bacon crisp. Serves six.
Chummy with Meat
■:< s Steak with Tomatoes:
Have one and three-quarters
pounds round steak cut about
three fourths inch thick. Dredge
>-ah rides with flour and pound
1 with tbe edge of a heavy plate
' until the fibres are well broken,
i Dr.wn : , th sides in plenty of
c/mpincs in a large skillet. Add
I one larm? thinly sliced onion, one
■ bay b. at, one No. 2 can tomatoes,
tper to taste; cover
1 and simmer until very tender,
| about one and one-half hours.
I Serves six.*
