Hope Star from Hope, Arkansas on September 14, 1937 · Page 6
Get access to this page with a Free Trial

Hope Star from Hope, Arkansas · Page 6

Hope, Arkansas
Issue Date:
Tuesday, September 14, 1937
Page 6
Start Free Trial

Government Now Is Biggest Banker and Real Estater RFC Has Allotted Nearly 12 Billions During Its Existence LAND, ELECTRICITY Wagner Act Launches Low-Rent Housing--TVA in Power Business EDITOR'S NOTE: This is the last of five articles on the rapldly- gtmving "big industry" of the federal government. Japanese Gunboat Cruising by Blazing Shanghai HOPE STAR, HOPE. ARKANSAS Says White Man By WILLIS THORNTON NEA Service Staff Correspondent WASHINGTON—By this time it should be clear that the question of "should the government go into business" is a purely theoretical one. The government is "in business" in many) fields, and every tendency of the times [ is driving it farther in every year. It is a fact, not theory. The cases discussed here, you will note, are not those of the many agencies concerned with regulating and controlling business, but only those in which the government is performing a civil function of producing goods or services which are ordinarily produced by private firms or individuals.^ Banking is one of the fields ordinarily occupied by private enterprise. But who is the biggest banker in the country today? Why, the Reconstruction Finance Corporation. Since Hoover started that federal super-bank, back in 1932, it has allocated the stupendous sum of $ll,813,r 479,922, a banking operation not only far beyond the reach of any private bank, but the biggest banking job in the history of the world. Remember, too, that RFC is a corporation, whose capital comes from the, sale of its stock to the U. S. Treasury, which holds the stock. The RFC itself owns stock of the Import-Export Bank, and Commodity Credit Corporation, arid many other government-incorporated agencies. A Super Holding Company This growing form of incorporation for public business has also made the Treasury itself a sort of holding company or investment trust. It owns, Steaming slowly, casually up the Whangpoo river with men and ammunition, this Japanese destroyer li pictured against a background of smoke that rose from the blazing pyres of bomb-wracked Shanghai, aa the desperate struggle over c ontrol of the Chinese city continued. Mill Demand for Cotton Very Heavy August Consumption Second Heaviest in History of U. S. A. WASHINGTON-^)—Domestic mills opened the new cotton season with the largest consumption ever recorded for August, with one exception, the Bureau of the Census reported Tuesday. Consumption was 634,380 running bales of lint, exceeded only by August, 1927, when 637,520 bales were used. Piracy Pact (Continued from Page One) country, rgiht or wrong") made him- among billions of dollars -worth of se- self some frame by burning the "Phil- curities, the stock of the Federal De- j.adelphia" as she lay captive, and re- posit Insurance Corp., the Inland turned to the scene with a man-sized Waterways Corp. and dozens of others. Thus the form of the government financial setup is becoming faintly reminiscent of Insull in his palmiest days. ' The government has always been, since its foundation, the biggest real estate operator in the country. Through its sales of public lands in the settle- fleet five years later. That time he made the pirates swear off American vessels for good. Well, the pirating went on—and off —for 20 years more, although it was pretty well cleaned up by 1830. English sailors learned the combination against slan-sailed corsair ships. Now they merit of the west, it always made any [ have to figure out the under-water private operation in this field look trivial by comparison. It is still, through federal buildings arid sites, through national parks, res- 666 Liquid, Tablets Salve, Note Drops checks • Malaria lit 3 days Colds first day Headaches, 38 minutes. Try "Rub-My-Tism" World's Best Liniment Orville W. Erringer Hope. Ark. Representing Hamilton Trust Fund Sponsored by Hamilton Depositors Corp. variety. Funeral at Arkadelphia for Mrs. W. C. Davidson ARKADELPHIA, Ark.-Mrs. W. C. Davidson, 73, died here at home Saturday. She was born in Mississippi but came to At Kansas soon after the War Between the States. She married W. C. Davidson in 1891 who later entered the Methodist ministry. Surviving are her husband, two daughters, Mrs. John Vesey of Hope and Mrs. W. H. Hall of San Antonio, Texas, and two sons, W. P. of Fort Worth, Texas, and C. H. Davidson of Hugo, Okla. Funeral services were held here at the First Methodist church Sunday afternoon. The Rev. H. B. Vaught officiated. Burial was in Rose Hill cemetery. Anarchists Seize Gijon, Rebels Say Government Reported to Have Lost Last Northwest Coast Town HENDAYE, Franco-Spanish Frontier— (/P) —The anarchists made a coup d'etat at Gijon, lone Spanish government coastal stronghold in the northwest, and set up an Asturian dictatorship, insurgent officials announced Tuesday. The Best in Motor Oils Gold Seal 100% Penn., qt 25c The New Sterling Oil, qt 38e Tol-E-Tex Oil Co. East 3rd, Hope—Open Day & Kite $360,000,000 Life Insurance in Force • Donald V. Moore Representative of Jefferson Standard LIFE INSURANCE CO. 5 Cobb's Radio Service = RCA Radio Tubes £ Evcready Batteries S Expert Repair Work =Phone 383 208 So. Eun= CRANE WATER HEATERS 1 $5.00 Down SALES and SERVICE Harry W. Shiver Plumbing-Electrical PHONE 259 Herndon-Corneliu* Burial Association Office at HOPE FURNITURE COMPANY Hope, Ark For Safe Protection Call for agent—Phone 5, 562, 227 ervations, and public lands, the largest real estate owner. But now it is joing into the building game in a big way, too. Ask the Man Foreclosed The recently-passed Wagner-Steagall bill guarantees that the government will be a'factor in the building and renting situation for the next 20 years. While this program is largely financial, in the form of aid-loans to 'communities, it also implies a certain amount of direct management, as the 3000 families occupying Resettlement projects can tell you. So can any one of the home-owners being foreclosed by the HOLC in precisely the same manner as he would have been by the private mortgage-owner from whose clutches the HOLC saved him a few years ago. The shipping program now being launched by the U, S. Maritime Commission is again primarily a financial- aid proposition, but here, too, the act contains a definite provision for government building, ownership and op. eration of ships if the private-aid program fails to produce results. Almost Makes a Profit The government runs a railroad that dominates all of central Alaska, which reports a current annual operating deficit of only $17,443.89 and considers that excellent because $27,121.81 was spent for mining exploration, making it really an operating profit of $9,677.92 a most satisfactory improvement," says, the report. The work of the Alaska Rural Rehabilitation Corporation (Matnuska) is helping this long-unprofitable venture to get into the black. The titanic work now being done by the Tennessee Valley Authority presents a typical case of conflict between public and private business. As its head, Dr. Arthur E. Morgan, puts it, TVA "illustrates the complex interrelations and conflicts of modern life." The purpose here is "to control an entire large river system by a single plan for all useful purposes," says Dr. Morgan. The building of the chain of huge dams, the control of floods, the creation of navigation channels, all these are familiar objectives sanctified by years of 'government practice. But when TVA recently contracted to sell $1,500,000 worth of electric power a year to the Aluminum Co. at Alcoa, lenn., and another $750,000 worth a year to the Arkansas Power and Light Co., the cry against TVA from southern utilities was redoubled. They have always claimed unfair and ruinous competition. The question of whether or not the federal government shall go into business is no longer a realistic one. The government is in business already, in a big way. The questions are now only "How far shall it go?" and "What methods of operation shall be devised so that this rapidly-increasing public business shall be fairly and effectively run?" Bear in Park Double Population in a Year ESTES PARK, Colo.-(/P)—A sud- len increase in the birth rate among sears of Rocky Mountain national park las rangers and naturalists puzzled. Until last year there were believed :o be only about 30 bears in the entire park. This year reports from innkeepers and summer residents indicated the number has been doubled. In two widely separated places mother bears with triplet cubs have been seen frequently. Kiwanians Visit Handle Factory Visit to Indusetrial Plant Is Feature of Tuesday's Program An inspection tour of the Bruner- Ivory Handle company plant, manufacturers of hickory and ash handles, featured the Kiwanis club program. Tuesday. Club members were shown throughout the plant by Carl Bruner and A Albriton, who acted as guides and explained the manufacture of the various handles. The Bruner-Ivory Handle company employes approximately 150 persons Approximately 30 per cent of their products are exported to Australia and New Zealand and other foreign countries. Members of the club were presented souvenir hammer handles and walking canes, manufactured .by the company plant. At the luncheon meeting in New Capital hotel plans were made to senc several large Hempstead county watermelons with delegates to the Mo-Kan- Ark convention to be held next month at Wichita, Kansas. Delegates to the meeting are President R, V. Herndon, Sid Bundy and John P. Cox. Guests of the club Tuesday were Lawrence Martin of the Hope High School faculty and a Mr. Prescott of McCaskill. Next week's program i will be in charge of G. T. Cross. 'Home-Made Home' (Continued from Page One) gram, and the problems in the different counties. Agents from 10 southwestern counties attended the conference. Other agents in the district will meet at Hot Springs Wednesday for a discusion of the campaign. Other district meetings will be held at Russellville and Harrison this week, and at Jonesboro. Blytheville, Pine Bluff and Monticello next week. Killed Policeman Negro Prisoner Gives Version of Murder of Lonoke 1 Officer LITTLE ROCK. — (/P) — Superlnten- Icnt Gray Albright of the state police snid Tuesday that a negro booked as Duncan Fisher Pique, 24, told under questioning Tuesday that an unnnmcd white man killed Marshal Robert Bennett of Lonoke while the officer was questioning them last Saturday. A search for the white man is under wny at Texarkana. Japanese Invaders (Continued from Page One) of Moscow-trained propagandists, ready to do the party's work in China. Oddly enough, in view of later developments, many young Chinese were concerted to Communism in Japan, nnd the first Communist literature available in China is said to have been Japanese. He Looked to Russia As the Chinese Communist party began to get on its feet, the great Sun Yat-sen was looking desperately for lelp in making China a nation able to stand on her feet and make her own way. He sought it in England and America, and failed to get it. Then he turned to Russia—and got it. A treaty of friendship between China and Russia was signed in 1923; at about the same time Sun ordered the co-operation of his party, the Kuomintang, with the Chinese Communists, Before long the Communists were dominant in the Kuomintang, Michael Borodin, famous Soviet leader, came to China as Russian adviser. The Whampoa Military Academy was es- Cull Apples and Hay Make a Fine Silage PULLMAN, Wash.—(/P)—Washington State College dairy experiments have shown that "an apple a day goes well with hay." The college experiment station reported that a combination of 80 per cent cull apples and 20 per cent alfalfa hay proved to be "unusually paltable" silage. The cows increased their production and the butterfat gained in carotene content. This state produces between 150,000 and 300,000 tons of cull apples annually. Disposal has been a major problem. . The main ship hannels in New York harbor have a minimum depth of 40 feet. Divided equally among its inhabitants, eah person in the Territory of Alaska would own 10.7 square miles. THIS CURIOUS WORLD % WE PAY 5% Jefferson Standard LIFE INSURANCE CO. Pink W. Taylor First National Bank Building Hope, Arkansas >—•—»—»—•—f—•—«—«—•— *—* London still has about 40,000 horses in use. There were about double this number a decade ago. ;«v.v.v.v.v.v.y.y.v.v.v,;« •I We Specialize -" tf n Dnrl.r fn.-.rln*. n»i4 Dnlr.4 *m In Body, Fender and Paint Work. •. O. K. Body Shop «l015 S. Elm (Old Hgh. M. M. MORGAN THE. MILKY WAY GALAXY, OF WHICH WE ARE A PART, MAKES ONE ROTATION CYCLE IN THAT TIME. IS THE .GREATEST OP AL.L. THE PLANT FERTILIZING AGENCIES ALTHOUGH MANY FLOWERING PLANTS CQPR, 1H7 BY NEA MftVICI, INC. DEPEND ENTIRELY Pl€C€L OF PLACED UPON THE LARGE END OP A FUNNEL., CANNOT BE BLOWN OFF &Y BLOWING Alf2. INTO THE. ~~ SIX years of intensive study at McCormiclc Observatory, during which more than 18,000 measurements were made tracing the movements of the Milky Way, Jed to the discovery of the celestial year. Doctors Piet Van de Kamp and Alexander N. Vyssotsky were tU» astronomers who conducted the study. Photo copyright, 1937, , by Edgar Snow. Mao Tze-tunf tablished with another Russian— Mar_ shal Vassily Blucher, now in command of Russia's far eastern army—as chiel foreign adviser, and with Chiang Kai- shek as its Chinese president. Sun Yat-sen died in 1925. In the following year Chiang became commander of the Kuomintang armies anc launched a triumphant campaign up the,Yangtze river valley against the ruling militarists of north China. The Kuomintang became the Chinese government. Chiang went to Shanghai where he is reported to have raisec $30,000,000 from Chinese bankers with which to establish the government a Nanking. Open Break in Party Meanwhile, a split had been developing with in the Kuomintang. The Communists and their Russian advis ers were pressing for a drastic Communist program. Chiang, far mor conservative, was spokesman for al who wished to see capitalism preserved and extended in China. An open break came in 1927, at abou the time the capital was established a Nanking, and Chiang drove the Communists out of the Kuomintang. Li Li-san was chairman of the Chinese Communist party at the time He immediately laid plans for a chain of strikes and insurrections in the cities which, he hoped, would paralyze the government forces and enable the Communists to stage a successful revolution. But his plans leaked out, and Chiang beat him to the punch by instituting a drastic "white terror." First Communist Army What followed was not pretty. Communists were hunted down relentlessly. The Russian advisers fled from the country for their lives. Arrests, torturings and executions took place on t wholesale basis. It was in these turbulent times that the first Chinese Communist army was formed—at Nanchang, in 1927. Most Chinese Communists had had to "go underground''; a few took up such arms as they could get and fought openly for their faith. Mao Tze-tung, who had been one of Chiang's cabinet ministers before the break, threw his lot in with them. He helped to organize a little army of perhaps 1UOU int'ii and led it out across Hunan province, seeking some retreat where the foundation of Soviet state could be liiid. "And Eat Squash" The army fought its way through to lofty Chingkan.shan mountain, far in the intc'riur. On thio impregnable peak it found .security and a breathing spuco. Through tin; fall ;md winter of the set-son 1927-28 the little band existed there, unprovisiuned and ill-equipped. Mao has since reported that there was- prartit'nll.v nothing |u eat, all winter lonf, but squash; ihe rallyiuf cary of fic Chinese Communists then, fie says, vas: "Down with capitalism— nnd cat quash!" The main ship channels of New York •mrbor are kept free of mud nnd silt hrouvh the use of dredges. One hundred runs constituted a game the early days of baseball Games ften dragged out for two or three ays in tnis manner. Catholics in New German Warning Reich May Become "Another Spain" Asserts Papal Newspaper Tuestlay, September 14, VATICAN CITY, Rome, The Vatican City newspaper Osserva- tore Romano warned in a stirring editorial Tuesday that the blood of priests may be shed in Germany "as it was In Spain" if Nazi pagonism continues. , -~— ' . One-third of the Indian Empire on- sists of 708 states of various size and harater governed by Indian rulers. Eighty-five out of every 100 diners on a train order coffee, while 15 prefer tea, according to statistics. 1937—THE PENNEY YEAR PENNETf'S | The Home of Quality Merchandise | Shop and Save! Wednesday We Will Give the World to Boys and Girls—Balloons With the Globe Stamped on It. Be Sure to Get Yours. Shop and Compare! 54-inch Novelty and Plain Color WOOLENS Fall $1.59 Colors 1 yd. ••• 36-inch Velveteen New Fall Colors Yard 98c 100 Dozen! Full Fashioned SILK HOSE New Fall Colors First Quality ••• Children's SCHOOL Sweaters stole S1.98 FOR FALL 39-inch SILKS Plains, Fancies 49Cvi 300 New SCHOOL COATS FOR GIRLS 6 to 14 $5.90 70 x 80 ALL WOOL Blankets Ladies Fast Color Long Sleeve Wash Frocks Ea. Childrens 2 to 16 Sunny Tucker DRESSES :, 98c Childrens % Length HOSE . 25c Childrens 2 to 16 Cotton UNIONS ^ 49c CHILDRENS—2 to 8 PLAYSUITS E.CH 49c No Seconds or Prison Made crchnndlsc Sold nt PENNEV'S 98c Childrens Long Cotton STOCKINGS lOc For School Wear—GIRLS SKIRTS E.c h 98c FOR GIRLS—RAYON PANTIES 15e Growing Girls School OXFORDS P, Special— 100 Only 70x80 PART WOOL SINGLE BLANKETS E Heavy Weight— OUTING FLANNEL Yd lOc Lot No. 1907—Boys School OXFORDS ., $198 Heavy Weight TENNIS SHOES 59c Single $/T98 4 Each 100 New Fall DRESSES 12 to 42 S1.98 HHfl For Wear 36-inch Rondo Deluxe New Patterns Fast Color yd Boy's Hi-Waist KHAKI PANTS 8 to 16 $|.29 Pair Boy's New SCHOOL PANTS 6 to 16 $|.49 Pair Boy's Oxhide 2 to 16 Overalls Built like Dad's Penney TAC Quality VV 70x80 Double Part Wool Blankets (Not Less Thau 5% Wool) S1.98 Better Dresses FOR LESS AT PENNEY'S Group 1 Glen-Row FROCKS 12 to 40 Group 2 Jean- Nedra DRESSES 12 to 40 Group 3 Mirra-Line DRESSES Of Quality 12 to 21) S4.98 Awaiting Your Aproval- 200 NEW FALL SUITS Group 1 Sport or Regular Models SUITS Pciwcy Quality 34 to 46 $1C-75 16 \ Group 2 SUITS of Quality Sport or Regular Models 34 to 42 $'OA.75 24 Alteration FREE ACROSS STREET FROM POSTOFFICE I WHERE HOPE SHOPS AND SAVES)

What members have found on this page

Get access to Newspapers.com

  • The largest online newspaper archive
  • 12,000+ newspapers from the 1700s–2000s
  • Millions of additional pages added every month

Try it free