John T. Fiynn Says: Explains Important Difference Between Long Term and Short Term Credits T «H n nr j nilcct . ln Washington writes to ask a question. In a previous article credit%?n»TTr n .™ Cflr Y vhe " we "top making goods sold on long-term uoo k ftl ,,ln ,, I' u * W ly ' 1 ° SByS hc f " ils to scc tho dl«erenos between goods ftuulc to be sold on long-term credits and those sold on .short-term ^—^-^^ (o U nt S ° f — ^ *i£,Tt Negro Woman Is Beaten to Death Near Washington ^.cata Adams, 35, Fatally Injured by Blows From Intruder A C CUSED ARREST E D Wayne Williams, Another Negro, Is Held in County Jail Acnla Adams, 35-year-old negro woman and mother of three children, wns beaten, kicked and stomped to death at her home two miles north of Washington about 9 o'clock Wednesday night, according to Dr. J. H. Weaver, coroner, and Deputy Sheriff Reginald Beardcn. Wayne Williams, negro, about 35, was held in Ihe Washington jail Thursday charged with the murder. Officers described the case as one of the most brutal they had investigated in some time. The dead negro woman lived alone with her three children, a son, 15, and two small daughters. The husband of the negro woman died several months i<go. Tell of Attack Coroner Weaver said the three negro children leslificd that William;; came to their home about !) o'clock Wednesday night, abused and slugged the mand later attacked their mother, kicking ami heating her. They said Williams then dragged her to the front porch and stomped her. Coroner Weaver said examination of the body showed she had been severely beaten and that death resulted from u broken neck. The coroner reported that hc received a telephone message from the negro Williams about 9 o'clock Wednesday night, .saying that the Adams woman had suffered a heart attack tend had died. A few minutes later Weaver received a call from Deputy Sheriff Reginald Beardcn, and then the two officers letf for the .scene. They reported they found tho negro woman lying on the front porch—dead. Officers said they questioned the negro children who told of the attack by Williams on themselves and also that Williams allacked their mother and heal her lo death. Williams Denies Attack Officers said Williams denied the attack, contending that the Adams woman suffered an heart attack' and had fallen on the front porch. Williams was arrested at the scene mid carried to Washington where he was placed in the county jail. The negro woman's body was brought lo Hope. Coroner Weaver said a murder charge would he filed against Williams, and thul no inquest was necessary. The negro children are Charley ) But it is the most important thing to understand now. And the reasons can be made fairly clear. Here they (ire. First, when a man comes into possession of money from any source, ho is the master of Hint money. He can decide what hc will do with it. He may decide to spend it or to save it. If he decides to spend it hc hands it promptly enough to someone else and that person hands it on lo another. And us long as the fellow who receives it decides to spend it, it circulates, makes business, makes income. But if thus man who receives income—money—decides not to spend it but to save it, then ap entirely different economic consequence ensues. Industry Starts Front Savings When a man saves money he docs nol necessarily hoard it, put it in a tin box. He more probably decides to invest it. That is, he decides to put it into some industry or enterprise, lo open a store, start a business, build a house, lend it to a builder, buy a newly issued share in some corpora- lion, buy a new bond. All these would be ways of investing. When a man invests that way it rc- sulLs in spending. The builder buys j materials, Ihe corporation buys machinery, etc. Bui you will scc at a glance that the kind of goods a man spends money on when he is spending his income is very different from the kind he spends it on when hc is investing. In one case he buys clothes, food, theater tickets, radios, luxuries, etc. —tilings which he consumes himself. In th eother case hc buys materials which arc used in the manufacture of other materials. which arc used in the manufacture of other materials. Now it is clear thai when a man who is saving money refuses to invest it. these kinds of materials—machinery, iron, lumber, cement, etc., which go into investment goods—cease to he produced. The failure of these types of industry result from the failure to invest. Effective Dollars Move Fast As long as a dollar paid to a man as income is spent by him it moves and fnay go on moving through many hands, But the moment someone in the chain decides to save that dollar and puts it aside as such, ils spending days are over. They arc over until he decides to invest the dollar. The dollar flows back into the stream of spending. The only device in the capitalist system for returning saved dollars lo activity is through investment. If investment ceases, dollars pile up in inactive. flne*grcalj investment industries lag and in\ turn the consumer industries lag. And we have a depression. There is more to it than this, how- over. Very often, a man invests money hc l%s not go. He' borrows money from a bank to invest,slf he docs, this is even more potent thuri investing his own funds, as'a bank loan has the effect of creating new money.' v Hope Star VOLUME 40—NUMBER 54 ^WEATHER. Arkansas-Fair and warmer Thurs day night; Friday partly cloudy, warmer. HOPE, ARKANSAS, THURSDAY, DECEMBER 15,1938 ROPEOESlGNS PRICE 5c COPY Adams. 15, Bonnie Ruth, Mae Adams. 11. , and Fonie First Installment Is Paid by Jews Germany Gets First 5'.', of Total 20'i Fine on Jewish Wealth BERLIN, Germany — l/l'l— Preparations progressed for payment Thursday of the first of four installments of the $'100,1)00.000 tribute levied by the German government against Jews for tin; slaying in Paris of Ernst vom Ralh, legation .secretary. Jews who protested they did nol have (!)<• cash and could not raise the amount, required—each Jew must pay at the first in.sallmenl five per cent of his total wealth, in cash if possible —were told to turn in their family jewelry. With some trouble officilas were peradad to accept securities in lieu of ffi.sh. Securities so obtained are being deposited in the Prcussischc Sechand- hmgsbank, a state institution, which will convert them gradually. The $400,000,000 fine is to be paid by an assessment of 20 per cent of the wealth of Germany's Jews. The last of four equal installments is due August 15, 1939. Only the female bumblebees live through the winter. When spring comes, they crawl forth from their hibernating places and locale a building .site. During early part of the season, only workers or imperfect females are produced, males and perfect females appearing in late summer. Some of the following statements are true. Some are fulse. Which are which'.' L Japan it, known as The Flowery Kingdom. 2. Chcupside is tile name of a struct in London. .'J. Tornados sometimes drive straws through heavy boards. 4. Some snakes fly. 5. Coin grows tit night. Answers uii Pago Two Drug Firm's Head May Have a Past Coster Under Investigation Personally by Federal Agents NEW YORK-CTj-An attorney general s investigator of the financial affairs of McKesson Robbins, Inc., said Wednesday he had "substantial reason to believe" that F.' Donald Cosier president of Ihe corporation, "is ; man of different identity and known to this office." ' Coster and George E. Dietrich, assistant treasurer of the firm, were arrested in Fairfiold, Cl., Wednesday and held in $5.000 bail each on a charge of violating the Securities and Exchange Act of 1934. -.A^ 3 " 1 Attonicv General Ambrose V. McCalt said hc had "considerable doubt as to Castor's true identity," and confirmed a report that stale' detectives were investigating his p;isl . He declined lo elaborate on the statement. Woman KiHedTn Fire inJtemphis Man Injured as Flames Gut Downtown Apartment-Hotel MEMPHIS, Tenn.-T m _ Mrs- vi[ ._ ginia Wright Latta, 52. cafeteria hostess, was burned to death and one man s-eriously injured Thursday .when fire gutted a two-story apartment-hotel near Memphis' downtown business section, Beer-Bottle Slayer Is Given Life Term Vasco Waymon Carrier Is Formally Sentenced by Judge Means MALVERN, Ark.-irt-i-Circuit Judge H. B. Means Thursday sentenced Vasco Waj'mBn Carrier, Oklahoma ex-convict, to life imprisonment for the becr- bottlc slaying of W. J. VanHooscr, of Lubbock, Texas, near here November 11. Salt and Juts are time chief products of the Shara dc-soiM. Goodfellow'sFund Climbs to $199.95 Tabulation Shows Committees Are Urged to Complete Canvass This Week $29.50 ONJTHURSDAY Campaign Slows Down on Second Day's Drive for Needy The Goodfellows Christmas Cheer fund slowed down considerably Thursday as only $20.50 had been reported at noon. This brought the total to 5199.95. Some of the solicilors apparently have not carried out their assignments. Director Roy Anderson urged that the drive for funds be completed this week, as all of next week will be required in purchasing, wrapping and distributing supplies lo needy children and families at Christmas time. Commitccs, after completing their assignments, are urged to turn their reports over to Max Walker, treasurer, Arkansas Bank & Trust company building. Persons missed in the canvass may leave their donations at The Star office or at either Hope bank. Previously Reported 5170.45 Mrs. B. C. Lewis l.oo Clifford Franks LOO Mrs. Clifford Franks 1.00 Thomas Kinser i.oo K. G. Hamilton I.OQ Frank Bowei'nYan l.oo Henry Gray l.oo J. W. Cash lioo George Median 1.00 .George .Collins ...... .50 William' Crews'...' 50 Bud Ji Clark LI." .50 C. J. Barnes 25 Genie Chamberlain 1.00 Lawson E. Glover 1.00 Steve Carrigan LOO Pink W. Taylor 50 Harry J. Lcmicy 1.00 W. K. Lomlcy l.OQ Clarice Camion 1.00 Elinor McWilliams 25 E. F. McFaddin 1.00 Martha Cantlcy 1 00 Dr. T. L. McDonald 1.00 Dr. F. D. Henry 1.00 Lloyd Spencer 1.00 Uoy Slephenson l.oo Dr. J, H. Weaver l.oo Dr. Pink Carrigan 1.00 Mr. and Mrs. John Vcscy 1.00 Frank Trimble 1.00 Dr and Mrs. A. J. Neighbours 1.00 Syd McMalh 1,00 Total $199.95 Legion Fish Fry Thursday Night Texarkana to Send Big Delegation to Hope for Annual Event TEXARKANATArk.-The Texarkana American Legion post will be well represented at Hope, Ark., Thursday night, according to the large number of Legionnaires who plan lo atlend Ihe annual fish fry and mulligan slew of Ihc Leslie Huddlcston Post No. 12 of that city. An open invitation to every Legionnaire in this section to attend the event was received by W. H. Arnold, Jr., who is vice commander for the western district of Arkansas, in a letter from C. E. Weaver, post commander of the Hope chapter. Arnold and Dr. L. J. Kosminskey, grand chef de gare of the Arkansas slate 40 and 8 will make shorl talks to tho ex-service men who will gather at the Exhibit Hall at the county fair grounds, it was said. C. E. Weaver, of Hope, com'mandor of the Leslie Huddlestoii Post, said Thursday that everything was in readiness for the annual fish fry and mulligan stew to be held at Fair Park at 7:15 o'clock. He said a large gathering was expected as m'dny out-of-town visitors were expected. Soil Service Orders 1,000,000 Seedling* LITTLE ROCK.-The 'Soil Conservation Service Wednesday ordered 1,000,000 pine and locust seedlings from the State Forestry Commission for planting in 12 SCS camps and projects throughout the state. The order is Ynfodo up of 616,275 black locust, 221,000 short leaf pine and 108,600 lobloyy pine seedlings. Assistant Forester W. L. Lear said the order would be filled this week from the state nursery at Scott. Camps and projects which will receive the seedlings arc Forrest City, Monticello, Hope, Bentonville, Harrison, Damascus, Hebcr Springs, Jonesboro, Magnolia, Pocahontas, Berryville and Charlotte. Federal Debt Now NearlyjO Billion 730 Added Million Brings Total to 39 Billion 400 Million WASHINGTON. -(/?)- The Treasury's debt took a spectacular jump Thursday to an unprecedented average of $303 for every man, woman and child in the country. This was payment day for investors on 730 million dollars of new bonds and notes sold by the Treasury, boosting the debt to a new record of 39 billion 400 million dollars. The amount due and unpaid on war debts owed the United States by European nations also reached a new peak Thursday, passing the 2-billion-dollar mark as another installment faeca'nVe duo, with only Finand waiting at the, counter to pay. • Wahlquist's Trial Is Delayed Again Criminal Libel Charge to Be Heard Wednesday, December 28 LITTLE ROCK.—W—On a motion of the defense, Circuit Judge Gus Fulk Thursday continued to Decembe. 28 the trial of C. O. Wahlquist, editor of a Little Rock weekly publication largely devote dto political artices, on a charge of criminal libel in connection with published statements regarding State Corporation Commissioner John F. Wells. Wahlquist, seeking continuation of the case Thursday, denied hc was in charge of the weekly paper although his name appeared in the masthead as editor. He also denied that he wrote the article upon which the charge was based. England's Money Cautions Germany Chamberlain Warns That Britain Has Resources for Long War LONDON, Eng.—(/PJ—Prime Minister Chamberlain, in a new and outspoken reference to Gei'm'any, told a luncheon audience Thursday that Britain's financial power was a curb on Nazi slates-men when they thought of war. The prime minister said: "We may take it that when German statesmen—we will not say the German people—reflect on the possible consequences of a conflict, if a conflict should arise between our two countries, they think not only of oui armaments but of our great financia resources, which in a war of long duration might prove to be the deciding factor. Crusaders Against Disease to Aid Pan-American Solidarity Sanitary Bureau's Anti-Fever Work Is a Potent Force IT.. S. Government, Rockefeller Foundation Aid South America DRIVE FOR~ HEALTH Our Own Republic Brings Appreciated Help to • ' the Others By WILLIS THORNTON NBA Service Staff Correspondent LIMA, Peru—Some of the best-producers of good will toward the United States at the Eighth Pan-American Conference are not diplomats. They wear no gold braid, and have no official standing before the conference. They are a group of American public health physicians of the Pan- American Sanitary Bureau, a co-operative organization maintained by all the American nations to improve sanitation, and prevent and control epidemic diseases in the member countries. The organization is similar and parallel to the Pan-American Union, but separately organized and maintained. .The 15 years which Dr. John ,;D, Long has given to 'fighting yellow vfeW er, bubqnj.c-,plagug, and malaria represent services to'the people of Soiifh America 'which it would take many a resolution and many a pious speech to equal. Men like Dr. Edward C. Ernst, Dr. Henry Hanson, Dr. John Murdock and Dr. Anthony Donovan, his colleagues, are daily fighting back tropic diseases, helping to improve water supply and garbage disposal, saving life. Dr. Long, veteran of the service, is O Rebels Renew Attack HENDAYE, Franco-Spanish Fron- .icr—(fl 1 )—The Spanish insurgent forces aunched simultaneous attacks Thursday against the government lines in lorlhcrn and western Spain accom- (Continued on Page Four) $49 in Prizes Is Offered for Best Decorated^Homes in City Three electric utensils worth a total of $49.20 arc offered bv the municipally-owned Water & Light Plant for the best decorated homes in Hope tliis Christmas—the second annual Christmas prize contest of the municipal Vrixcs are: First place—A Mix-Master, value §23.75. Second place—An automattic double waffle-iron, value $17.50. Ihmj place—An automattic electric iron, value ?795 Homes to be eligible for these prirzes must be decorated by next Wednesday night, December 21. Judges will make the awards before Christmas The rules are the same as last year-all decorations must be visible from Ihe street, and must be lighted. Dr, Edward C. Ernst, a leader fa the Pan-American Sanitary Bureau. known from the Canal Zone to the Straight of Magellan, and thousands of South Americans know of a service that is quite outside politics and beyond praise. Other American public health doctors who co-operate with Dr. Long under the general supervision of President Hugh S. Gumming of the Sanitary Bureau are the leading supervisors in this international work simply because the United States, with longer experience, has more trained men to send into the field than other member countries. Increasing Value With fast airplane travel and the gradual opening up of new roads between the American countries, the value of this work becomes greater every year. Thus the necessity for new controls. Planes entering the United States from the yellow fever belt are now sprayed to kill mosquitoes which might carry the disease. All employes of the airlines are inoc- (Cunlinuml on Pa^e Three) Secretary Hull and AMLandon at the Pan-American Conference. Mr. Landon learned the Lambeth Walk : at a Lima •lub—but surely .not in those pants. Commerce Head to Leave Cabinet for Personal Reasons Roosevelt Accepts Resig- natfon With Regret, He Says in Letter ICKES REJECTS OFFER Turns Down Invitation to Be Chicago Candidate for Mayor WASHINGTON. '- &> _ President Koosevelt accepted Thursday the resignation of Secretary of Commerce Daniel Roper effective December 23 The president said in a letter made public at the White House that he knew of "impelling personal reasons"which prompeted Secretary Roper to ask to be relieved of his duties. "I accept his resignation with sincere regret," the president-said. Extend Compensation The federal-state system of unemployment compensation will be extended within the next fe weeks to 6 million more workers. The estimated number of workers, and the accumulated balances in the' unemployment trust fund of 20 new states and territories to begin payment include: Arkansas: 155,0000 and ?4,375,OG2. 144,000 Farm Applications The-Farm; Security Administration reported Thursday that more than 144,000 tenants, share-croppers and farm laborers applied for government loans to purchase farms in the last year. ; , :.. Th>..nun\ber of .applications, receiv—. ed by states included: Arkansas: 14,721. Doesn't Want Office Aides of Secretary Ickes said Thursday he would reject the invitation of, friends to run for mayor of Chicago" next yeear on a Liberal-Democratic ticket. The secretary, his aides said, feels he can not make the race for a "number of reasons." , Chief among them, the aides added, was word from the White House that the president-wishes Ickes to remain in the cabinet. Local Theaters to Entertain Kiddies School Children of County to Be Admitted Free December 22, 23 The Saenger and New theaters in Hope will give a free picture show as a Christmas present to all the school children in Hempstead county and their teachers. Tickets have been printed and are being distributed by the chamber of commerce to every school, white and negro, this week for the free shows, which will be given next Thursday and Friday, December 22 and 23. The Saenger theater will entertain free all children from the rural schools and the New theater will have as its guesls the children in. the Hope schools. It will require four shows at each theater to accommodate all these children and their teachers. Dr. J. M. Cantilo disembarks at Lima, followed by Dr. Carlos Concha, foreign minister and head ot Peru's delegation to the con- feience. Dr. Cantilo, Argentine foreign minister, Is advising the important delegation from bis country. «uv«a«i s me Cotton NEW ORLEANS. - (/P) - December cotton opened Thursday at 8.57 and closed at 8.52. Spot cotton closed quiet four points up, nvddling 8.4.7. A Thougltjt You read of but one wise man, and all that he knew was—that he kne-w nothing,—Congrcvy. Nevada Gins 9,939 Bales Cotton to. December 1st According to Leroy May, special agent for the Department of Commerce Bureau of Census 9,939 bales of cotton were ginned in Nevada county from the crop of 1938 prior to December 1st, as compared with 15,458 bales from the crop of 1937. —• -vror The oldest container of preserved soup in America is said to be a 77- year-old flask of veal broth sealed by l<uuis Oil from porpois is ued to lubricate watches and other delicate mechanisms. 8 Shopping Days Till Christmas T OOKINO BACK TO CHRIST*•* MAS EIGHT YEARS AGO— Young Judge William Clark of New Jersey startled country by declaring adoption of the 18th Amendment invalid. . . . Santa was bringing Sinclair Lewis a Nobel Prije. . . . Companionate marriage topic of discussion. . . . Christmas merriment dampened by epidemic of bank failures. . . . King Alfonso of Spain preparing to vacate throne. ... America was greeting Prof. Einstein uproariously.
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