The Courier News from Blytheville, Arkansas on June 24, 1939 · Page 3
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The Courier News from Blytheville, Arkansas · Page 3

Blytheville, Arkansas
Issue Date:
Saturday, June 24, 1939
Page 3
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SATURDAY, JUNE 24, 1939 BLTTHEVILLE, (ARK,)' COURIER NEWS 'PAGE THREE 'fUES FIELD Handicaps Small Scale Enterprises Bigness Of Modern Business Narrows 0 p p o r- {unities for Investment BY JOHN T. FI.YNN (Written for NEA Service) What Is It that is holding up investment, or at least making it difficult? There' arc many things in the way. If you follow political discussions and the speeches of business men, you will Imagine that the only thing holding up investment is Roosevelt. He is supposed to have produced uncertainty In business by his taxes, his interferences In business, his attacks bioi'i capital. ™ Then the European war situation Is supposed to have bred fears suspicious. : 1 i'AJI 1 do not wish completely lo ' brush aside these notions. But I think they are much exaggerated, Business men would do well to be more realistic. They should act like business men and face the facts. One of the first troubles is found in the moVe limited opportunities for investment. But this is something we can correct. BIG BUSINESS NARROWS FIELD One of the things which limits ' opportunity for investment is bigness in business. Now I do not want to debate the question of whether big business is more cm-: cie'nt thai? little business. Nor do 1 ivis'h to talk about big business being immoral or bad. I see it as a .purely economic question. I recognize that certain indus- •Iries must necessarily be big. But oAhis is not true of all. 'TV Take the steel industry. When steel plants were ., moderate in size, there' were a large number of them. It is a fact that the United OF IS CITED with Mr.- nml Mrs. S. M. Miller of Hlylhevllliv Sunday. • Miss Uorolhy isi-yant wns thu Sunday guest of Mr, and Mrs, Otto Vaushn of Bmvmmi. Miss Alone McGullniii nml Mrs. Mamie McCulliirs wore gucsis of Mr. uiul Mrs. Odoin of U»ko Cliy Sunday. Mrs Jess" Johnson of Memphis Is visiting her daughter, Mrs. John Sullivan, of Kciser. Mr. and Mrs. 1C. Colin spent Sunday nt Moon Lake, Miss. Mr. and Mrs. M. Ci Lnraii, of Marlon, rind Mr. and Mrs. C. It. Forgerson visited frlciuls and relatives In I'oitagevllle, Mo., Sunday. They were accompanied by W. S. Ferguson, who returned to his home after having visited here Mrs. Charles Brown .spent last week In U'achvllle with relatives. | Mr. Brown motored over for her Sunday. Ruth Everett, of Manila, Is spending this week with Mr. and Mrs. John Stuvnll, Mr. and Mrs. U'lancl . Pcnrca ''f, - Blyllii-vlllo were guests of Mr. nml • agricultural and other mission.-* Mis. W. II. Hicks Sunday. | assigned to various Latin Amer-' lean countries, at the request of those governments, as oim example of expanding cooperation be- Iwccn North and South and Central America In ulfiilrs relating to hemispherical defense. The United Stales now maintains inllltnry missions In Argentina, ill-null, Colombia, llnltl, Nicaragua niuLQau- temnln. It maintains naval missions lu Argentina, Di'iixll, Colombia and Peru. The governments of Brn?JI, Nicaragua and Ilalll have'requested Posse Sets Dogs mi Trail,'-;'',',' ; , ,;* Appeals Made To L). S. For Kxpcvls In Many Fields '• WASHINGTON. June 23. (UP) President Htnsevell's plan for hemispherical solidarity ot Iho Americas Is making rapid progress, desplle sporadic, pln-pilckinx set- bucks In IsoliUcil areiis, wording to administration ollldals. They cited the rapid growth of Untied Sink's military, imvul, Marjorlc UoHon of Memphis was the week end gui'st of Mr. and Mrs. J. J. Fergerson and family. Ann Gray of Uttlc Rock Is visiting her Biandparenls. Mr, and Mrs. nos fjiadsher, of Kciser, This Is more than a striking photograph of a new industrial behemoth-thc finishing rolls, operate by a'ionc workman In the fabulous and super-modern Homestead mill of the Carnegie-Illinois Sic Corporation H is in truth a picture of the industrial-economic scene In today's America, where bus ncss-by its very bigness and by the means at its command-has smothered the opponmlty for Invcs States Steel Corporation is a corn blnatlon of over . 300 concerns. < In "ah. industry where plants are moderate in size, it is possible for one who is_ the general manager of 3. plant,- '\vho, ; has saved Ills earnings; and who is ambitious, to start a plant of his.own. Ho invests : his own savings and perhaps induces some friends or colleagues to join : him. Each year ten ' or fifteen such men will set up in business" : for themselves. Perhaps only a. few will succeed. But all will bring a large amount ot investment funds into the market. The economic .value', pf the investment opportunity . -is always overlooked •, wAtSn/'considcring this question of ^bigness? I am not,-of courseVadvocatirig a return to--little horse-and-buggy plants. I use the word "moderately-sized"' comparatively. , •• Now (you may say we cannot v " go back to little plants in the steel industry. All right. Then you cannot expect any newcomer ever again; to seek a place for. his investment money in a new steel company. The only chance is in the expansion of a few old ones. 'The'thing that, tends to produce this situation is many-sided. The corporation laws tend to give.the breaks to the.large-scale enterprises. Corporation laws enable corporate industries to escape all sorts of regulations which the individual miist submit to. By the use of subsisdiaries and hold- Ing companies, laws can be circumvented. Taxes can be ciircum- ventcd. And for years the corporations enjoyed tax advantages denied the individual. Everything -we have done has tended to make enterprise seek the large-scale corporate form with subsidiaries and hence has driven ^industry into large units. ~ No one would advocate aban- 'donment of the corporate, form. «But the corporation Inws'sind the ! tax laws applying to corporations and individuals should be gone over carefully to deprive the large corporate concern of any administrative and tax advantages it enjoys as against the small one. Next, monopoly of every sort should be fought ; at every turn. These monopolies are of two kinds. The absolute monopoly where one or a handful of concerns by artificial means gets control of the market. The other is the trade agreements where competitors ge together to keep out newcomers, to keep up prices, to prevent the new man with new ideas finding a place for himself. . Monopoly and monopoly prac ftices have all but completely de stroyed the building industry. Am they will gradually do the sam thing to every industry into which they are permitted to enter. Therefore, the first course twofold: (0 War, unremittln war, on every kind of restrain upon trade and every form monopoly practice. (2) Rcvisio of the tax and corporation laws t equalize the opportunity of th big mail and withdraw govern ment sponsorship of bigness. Nazi Decree Costs Fortune KELLOGG, Ida. (UP)—Through a Nazi decree Hugo and Rudolf RaJsner, formerly of Romersladt, Czecho-Slovakia, have been de- •!l|>ived of an estate amounting to nearly $4,000. At the death of their father, the brothers were informed of the estate, to be divided equilly. Nazi law, however, pro- ment in small-scale enterprises. Presidential Possibilities Reiser News G. O. IVs ace contender for HIS ASSETS: Most important, a Tom Dcwcy . BY BRUCE CATTON Courier Nnws Washington Correspondent Number one contender for the Republican nomination right now s unquestionably Thomas E. Dewey, handsome gang-buster cf the New York district • altorneyship. For a man who left his home town (Owosso, Mich.) only 10 years ago to make his way in the big city, Dewey has come up last. He got one lucky break—when Governor Lehman, a Democrat, named him special prosecutor to clean up New York's rackets; the rest of his climb was done the hard way. He Is young and looks younger Is strikingly handsome, a good speaker and a magnetic sort of person to meet. He works hard, has a. driving force and a brilliant lega mind, and—Just incidentally—owns a sound political background; back around Ihe lum of the century his father and his uncle were po litical leaders in Shiawassce coun ty, Michigan, and knew the game inside cut. To dale Dewey has refused lo be smoked out on national politics issues, concededly sound tactic for his party's most prominent ccn of Germany. Read Courier News want ads. , He proved Ihcn thai, when th fight is on he is not hesitant abon committing himself. Is Hostess lo Club. Mrs. W. O. Chllds was host lo members of her bridge cl Thursday afternoon at her hon Her guests were Mrs. M. L, Or ham, of Wilson, and Mrs. Fi Robinson. The guest prize w lo Mrs. Oresham and the club pi-tec to Mrs. J. T. Polk. Knlcrtnins Supper Club. Mr. and Mrs. W. C. Wall entertained members of the Supper club at a party at Iheir home Wednesday night when . Mrs. Fred Robinson was the only guest. A bullet supper was served aflcr which bridge was 'played. Bridge lobles were, decorated with centerpieces of blue corn flowers in pottery bowls,' while summer flowers were used .throughout the house. Women's high score prize wenl to Mrs. L. M. Gates and the men's prize went lo W. W. Watson Jr. Members of the club which meets twice a month arc: Dr. and Mrs. J. T. Polk, 'Mr. and Mrs. W.. O. Childs, Mi 1 , nml Mrs. W. M. Taylor, Mr. and Mrs. li M. Gules, Mr. and Mrs. R. II. Robinson, Mr. and Mrs. W. C. Wall, Mr. and Mrs. J. H. Sullivan, Mr. and Mrs. W. W. Watson Jr. « • * Ymmg Matrons Meet. Members of Ihe Young Matron's Bridge club and one guest, Mrs Claude Lloyds, of Osceola, were entertained Wednesday afternoon by Mrs. R. H. Robinson Jr. at her home. High score prize went to Mrs. Lloyds mid Mrs. E, Cohn re ceived the consolation award, Ap pie pie a la mode was served will iced drinks. * * * Arc on Club Program Miss Robic Dean, Miss Coozli Ferguson and Miss Poll Ffankli nppeared on the program at th 4-II Club meeting at Mariann Wednesday. The three girls san and were accompanied on the p ano by Miss Dean. Son Born. A son wns born to Mr. and M W. I. Pigg Tuesday. The baby, wl weighed nine and one half pounc f political corruplion; large quan- CCI ties of "political it," or voter- ppeal; a well-earned reputation or courage, incorruptibility and nergy, and a general air of being good man lo handle-a tough job. HIS LIABILITIES: Many parly caders dislike him, think him arro- anl and self-centered. He is hav- ng trouble harmonizing the liberal nd conservative wings of his party ., n New York state. As the "front latl " J'^J' Cy , omls „,„„„,. 1, l,n 1= Ilin ,,oH,r n l lnr nn l Of MlSS RUDy JOI111SC TUB CHANCERY COURT VOR HIE cinoicASAWUA DISTRICT OP MISSISSIPPI COUNTY, ARKANSAS. PROBATE DIVISION the Mutter of Ivy W. Crawford, dmlulstrator of the Estate of Valter Alslatt, deceased. NOTfCi: Or SALE OK LANDS TO 1'AV DKllTS Notice is hereby given that 1 111, as Administrator of the Estate of Walter Alstatt, Deceased, on he 1st day of July, 1BU9, olfer for ale at the South Door of the Court House In the City of Bly- lievllle, Mississippi County, Ark- iisas, at publlo auction to the Ugliest bidder for cash the f plowing described lands belonging o said Estalc, to-wlt: Lot (10) Ten Block (4) Four ' Chicago Mill Second Addition . to Blythcvllle, Mississippi County, Arkansas, •- Salil sole will be made for th purpose of paying the debts o said Estate, and the purchaser o said snlc shnll ue required to pay cash for the purchase price. .Witness my hand this the 10th day of June, 193k IVY W. CRAWFORD, 10-17-21-1 Administrator. Bloodhounds nml poMiemcri ficaicli woodland? near Ch!pp«v,a' lake, WIs.. for fuultlvc Hay Olson, killer of two deputies who sought'to question him about hlolcn automobile license' plates In cabin near llnywnrd, WIs. he loan of United States urnl experts lo usslst In dcvclop- ng agricultural products which vill be non-com|jclll!ve wllh those of the United Stales. Wide Vnrltly ot llcciiiesl.s All expert on Immigration prob- ems has liecn lent lo the Dominican Republic; a tarlir ( expert and an uulhorlly 'on child welfare problems lo Peru; n librarian to Vene/iiL'ln; road building exile-its and have highway been re- lucslcd by Ecniular, Cot<miuln"nnd virtually all the Central American countries, In connection with construction Highway. Officials ot the Pan American snld requests for thn loan of other cx|icrts on finance fisheries, railroad rales, and other alfalrs are arriving so-rapldly Iron Latin American countries thai I Is dliuciilt lo till all of them. The Uolvlan government re cenlly suggested, the dispatch of at United Slates mission of gcologl cal nn<\ ciiuliicciliig kxpcrU} to survey Bolivian mineral resources, piirllcularly tin, with a view lo Joint ell'oi t.s lo exploit these resources, In addition to these cooperative cfloils, the Unllcd Stntcs recently agreed lo . cxlcrul financial assls- Innce to Brazil to establish a free exchange, and!• Import-Export, bank onus to Increase cxnorUt.of United Stales products to llrarll... II Is generally'believed UIQ firs^ request or purely commercial credits un- ler Ihls agreement will bo forthcoming soon. , Colombia Seek* Credits The Colombian government now Is ncRotliitlntt with the Forclgi Bondholders' I'l'otecllvo Council to a renewal of o 1 outstanding Colombian bonds, Iho understanding lhal Colombl will request commercial credit ar rangcmcnUi through the Import ve cllorts, which they said were alnlng momentum dally, as an [most overwhelming counlcrbal- ncc lo Ihe Isolated adverse devel- unents In ymlous paits of Latin mcrlca. They, referred specifically o Iho long dragging efforts of the ' Mexican government and foreign II companies lo reach a settle-, ipnl of Hie problem precipitated iy Mexico's expropriation of forelgr wncd oil proi>erties 15 months go. At present these negotiations appeal to have reached a stalemate. Ofllclals also • cited the' controversy between the Standard Oil company and Ihe Bolivian govem- nent, as an unfavorable element. The Bolivian minister, Luis Guachalla, r'eccnlly Informed State Dcpaitment officials thla his government considered Its conversation!, will) the oil company had been iciinhmtcd, but that his government was willing at any time lo conduct negotiations with the State Department. Export bank when an agrccmci has been reached wllh the bom holders' council. Ofllclnls cited all these coopeia- Read Couiler News wmtads. THE BLYTHEVILLE MOTOR CO. Your Local Dodge Dealer BRINGS TO BLYTHEVILLE Monday and Tuesday, June 26 and 27 Mrs. R. -H. Robinson, Palsy, Charles and Mary Lee Robinson returned to Kciser Tuesday from Tucson, Ariz., where they have spent the past five weeks. Mrs. Harvey Crews and daughter, China, relumed lo Kelser Tuesday from their vacation spent in Chicago and St. Louis. In the the guests OF LATEST DEVELOPMENTS IN target runner," he Is the or the ether contenders. HIS CHANCES: Many a man has gone lo the White House with fewer assets and heavier liabilities.! Vardaman Chlsm of Sikeston, Mo., visited his brother, Brit Chlsm, for a few days this week. He re- Redwoods Gel Nod CANBERRA, Australia (UP) — Australia, long a contender for the . to busl- ness in Memphis Tuesday. Mrs. Fred I/x* returned to So^' , ^^^ S a^d Vs/W. , „, L ' title of possessing the tallest tr«a|Mrs. M. L G rcsham re-entered In the world, has officially acknowl- ,. ti^^.u c t vmcniioi (n Mpmnhts edged that California holds the * * S f^f 1 *' dged honor. The department of commerce has Issued a report conceding thai the '. California Redwoods, the tallest of which Is 346 feet, far exceed the tflll mountain ash trees of Australia, none of which reach 300 feet In height. The state motor fuel bill lax, nearly all of which Is paid by the molorlng public, was 1 per cent greater for 1938 ovcv 19?7, Wednesday night. Jimmie Aycock, Edward Jones of Rayville, La, and Nap Cassiboy of Cleveland, Miss., left Thursday for their homes after having been guests of R. B. Jones for the past week. Bob Crews Jr., attended to business In Caraway Wednesday. Miss Katie Kamp Is spending this week In Memphis with Vir ginia Rogers. Mr. and Mrs. John Slovall vis- TjWERYONB interested in truck facts and ways to make their truck P, operation more efficient will want to attend this great show... regardless of the make of truck they now own. It's the opportunity of the year to learn about many modern new ways to cut costs and improve truck performance! Get the facts on the newest truck engineering developments. See the latest developments in special equipment for all kinds of hauling needs. This mammoth exhibit includes interesting educational features, manufacturers' display's, unusual truck body types seldom seen in showrooms, and demonstrations of latest truck equipment, Admission is free. Entertainment and souvenirs for all. Don't Miss This FREE Educational Haulers' Show DOD6E1RUGK TRANSPORTATION EXHIBIT free Movies

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