The Courier News from Blytheville, Arkansas on October 23, 1934 · Page 5
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The Courier News from Blytheville, Arkansas · Page 5

Blytheville, Arkansas
Issue Date:
Tuesday, October 23, 1934
Page 5
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TUESDAY, OCTOBER 23, 1934 l*LYtHEVir,LE, (ARK.) COUKIEU NEWS OF STATEt B, C. (Continued From Pae<< One) morrow morning, a o'clock, at the Hotel Noble when the Itev. w. J. Lelioy, pastor o[ (he Lake Slreel Mctliodist church, will say the Invocation and Mrs. Charles S. Lowthrop will lead the ritual. The rules of order will be given by Mrs, W. E. Massey of Hot Springs, parliamentarian and Mrs, \V. B. Burketl will Hive the report of the credential committee before the roll call of chapters by Mrs. p. J. Rice. Reports of officers will be given by: Mrs. Charles S. Low thorp, president; Mrs. Earl Cunningham, first vice president; Mrs. P. M. Hccr- wugen. second vice president; Mr.5. J. p. Bmven of Little Rock, third viet president; Mrs. John pruniski. recording secretary; Mrs, George Spraggins of Hope, corresponding .secretary; Mrs. James n. Clark, treasurer; Mrs. Jesse Martin of Riisscllvllle, historian; Mrs. Frank Gerig of Arkadolphla, registrar; Mrs. John Carter of El Dorado, recorder o[ crosses; Mrs. p. J. Rice, custodian of nags; Mrs, W. Ii. Massei-, parliamentarian Mrs. Paul L. Tipton and M_^ Russell Parr will sing a duet wiln Miss Merrill at the pinna and a report of the chairman of education and scholarship will be given by Mrs. Daniel Hon of Fort Worth. " Tile Chamber of Commerce U'ilJ have a luncheon at the Woman's club tomorrow with Max B. Rsid and Oscar Fendtcr members of tile committee for Ihe hosts. M that time the Rev. J. J. Thomp£in. pastor jf the Church of the Immaculate Conception, will sny the invocation. This >viil be followed at thn ,-nemorial scii-ice at the First Baptist church, 2 o'cfucx, IYHU Mrs. Ros.3 Mathis, of Cotton Plain, ' presiding. The Rev Alfred Car- l.'cnter, pasfor of 111!, first Bap'- tist i-!iuri'h, will : :*-e ir.vcca- tion, Mrs. W. W. Sharp will sing a solp anc\ there will br :< duet by Mrs. Paul L. Tipton ami Mrs. RuEFfll Fan- Uefore the memn-ial KrtdrcKi i:y .Incise A. L. Hutchins. Taps will be sounded by Kobe-.'., fiectlcr. Mrs. Murray Smart i,«l organiit. The niciiidiial commiims is m-jc(: i:p of Mr.-. Mathis, Mrs. A. B. Howard a! J.-ittls nock fliid Mrs.. VV. T. Ohnrsl, of Blythevllle. Aftei Ihc business session at 3 o'clock lit the Hotel Noble theie will be a lea from 4 to a o'clock when the Delphian Fine Arts club will cnlertain aC the cotuitry club. Mmas. 1'iton W. Kirby, C. W. AI- Ilick, W. L. Horncr and Rilcy B. J^ncs . art members of this com-- mitfcc. :-!. •• ,_ -v- <•• . . -:Mrs. flomcr T. Sloan, of Jonek- iraro. 'and Mrs. T. D. Rambo, of Jonesboro, will preside at the Presidents' dinner at the Hotel Noble "t C o'clock Wednesday evening. This will bo followed by ilia historical program at 8 o'clock .11 the city auditorium. The public is invited to this affair. The convention will continue through Thursday with the unveiling: of two boulders at Blylhe- villc and Osceola, in honor of the Confederate dead, a breakfast given by (he American Legion auxiliary, a business session and a luncheon at the Woman's club included in the program. iConlinued from P.ige One> made up of a number of individual prosperities, and a number of individual depressions. It is when the individual depressions get toa numerous, when they merge Into CUP huge depressive mass ot unemployment nnd Inss and dominate our v.'holc business structure thai we are in what we understand by a national depression. All through the ixnm y^ars thcr-2 were plenty of depressions—focal points of infection. The wheat farmers ivers in a depression. So were ir.e cotton growers. The textile industry bordered on collapse. The copper Industry was in a bad way. Bo was the industry. So wer; the retail grocers who were failinj at the rate of 33 per cent a year. Jt is incredible how many {here were when we supposed the nation prosperous. We refused to notice this. \vo liked the preaching of the blatant optimist who tells you to look at the doughnut and not the hole. The trouble with this hole was that it was an infectious hole and was eating up the doughnut. Th simple truth is that the collapse .should have come in 1927. Why didn't it come in 1927? « « * Will. r irst we 1'avc to ask why wsrc we prosperous al all? The an- swsr is that our prosperity was the fruit of capital goods industries. Here arc the simple economic facts. Every time we make 3 pair of shoes to sell for $5'wo must make somewhere £5 of purchasing power to buy them. We know how- shoes arc made. Uut how do ive "lake purchasing power? We make purchasing power while we arc mak- '"g slices. Your money income comes from your work or investments ustd In producing goods. The trouble is that we do not make enough purchasing power to buy tne goods (hat we produce, If J%uj_LeaJing Roles In Arkansas U. D. C. " PAGE F1V* 1 Nevada Ranch Horn* ,'<»?!«,?> / 'PM*')Si|r» ' ^ CHARLES 5',Lb\viHORp RUB AUSTIN, Key. (UP)-Tno three lOisis of William 6lreshl«y, a randier, made a record' run of 16 miles In one day with no rider's ifitrlno them. '.:.'...,'. •'?>.:- Strcshloy was driving Hvestocic' in easy Biases. On the final • driy' lie his horjjes_loo6c aud ( le!t them to return home—85 miles; nwny—by themselves.' The nil!-mills arrived nt the ranchhouie' during the evening of lluj same <lny. ThiT/sThr ENJOYABLE LAXATIVE I-«rn j mini, tht cttlicioui mini ehewlnl INI Ijntive, Kivtt veil no lurih, uputline j" ><> »'<>rn, no ifitr-ilttn dijtomfor'.: II u««i jtw iite your favorite gum, The: I'miK, tuy 4etwri of Fttni-mtnt fi Ju« ) ihc (it! lint you CHEW il, Siliva jnl«i .,UK with it like ility do witli your food, *«d 10 il KOPS lino the jylKm atljuilly. Thill, •' no Uxiiivc miu liiti your lyitem tuddmly iptu ill dcli«t« bjliuce. Ffeji.i.mirH i* .---I for children, but ilioiouglily tioiitivi : for idulll. Ooclon pr<l(ribt cli« liuiiyi i,, l"imnim. Il ii for pltmnt correction' wi<|>oill tijiMi <» Ji,! pr , rp «,i, c , D ,I,y (, dingrrou*. Toitly, Rtt f>«fc on icFirdule" ind -'— Ihita M-Flli t!<Elriou« F<cr|,4,mint M : Sim, lie .nd lie. ': I'hone 717 ' • At Night—Sunday—Anytime Kor ()ukk and Dependable Wrecker Service Phillips Motor Co. Tuesday - Weds. Milt. 2:30, lQ-25c Nile 0:45—10-35c Mrs. Charles S. LoTtliarp, of; Mrs. W. E. Massev of Hoi Hope, president of the Arkansas; Springs, is prlramei'.tafian oivlsion of the United Daughters' M rs. James B. Clark, of Blylir- 01 tne Confederacy, will preside i ville. is stale treasurer and c'hnir- O'.cr me snth annual conventio.i I man of Ihe program coinmiltcs hero Tuesday, Wednesday .and!lor the convention. Thursday, will, U ie Elliott Fletcher; Mrs. John Carter, of El Dorado chapter as hostess. i is Border of crosses. something else did not intervene we would be in perpetual depression. What is it that comes to our rescue? It is credit. We didn't make enough purchasing power in 192s to pay for what we manufactured that year Bui we could buy a lot of tilings in ISPS and promise to pay tor them in 1926 or 1927 or 1037 or 1097. We borrow from the future lo buy In the present. We keep borrowing eacli year until'finally we have iy]|! ed up.such a mass of debt lhat we can borrow no move. If I earn $2,000 a year and can borrow another $2,000, I can spend M.OOO. I c-in spend «i<»0 each yen- as long as I can borrow. But, the dav comes when my creditor won't i e iii tin'. £ iy slate presidents ij's program. '• Rice A. Piorcc of Unian 'Tenn., com;nai!v.?r of '1^,? me any more. Then I sp»n j S4,000. I cannot even si»nd $2.003. For now I have to pay interest on all I bDrro«ed and nnisi pay back some of the principal. And hence the people to wl:om f paid that $1000 each year no 'longer Ret It. j and can no longer employ people to mafcn goocis for me. Now if j thsrc are enough people like me i you can see easily enough that Ihe I etfcst, ivlien tlie borrowing ceases, will be very serious. The nest point to remember is that the borrowing that does the trick for'us and produces prosperity is long-tens bonwiag. Ehoit- iSrm borrowing to ie repjid in a '«w months u practically t!« ssm« as cash. It is long-tevm l>on-o-.v- iing which we do not have ;o repay for several years which counts. ! Lots of our railroads ana cai-pora-. lions fcorroK-od mnucy WIHCJI is not to I;: repaid nntlf A." D. 2(137. This Kind o[ borrowing is ahnoii nlways ; d3iie for the purchase ol capital [Soods-lnvcstment goods— durable i things like houses, buildings, loco- I motives, heavy machinery. Cities. .•stat:s. counliss, railroad's borrow jhugc sums for tills purpose. In ten • years preceding the break. Baltimore, for Instance, borrowed $100 • 000,000 which she promised to pay back in the future.' Meantime it, was, all spsat putting to work to f; k '. Etr «' t «- Put «p buiiiinjs, uchssls, stc. N«W York bor:,w-«d Mis. Earl Cunningham, ol Prairie CJi-ovc, IVJH present (tic- past stite j pi-;slrt,Mts this evi?nin'<r. She is | first i-iec-presiilcnl. L Mrs. John Pruni.-i;i ul Norlh hundreds ol millions, urn the time .came when these ciiiec. the;j stales, ] these railroads, these Imildinj jporations_ could borrow no more, i Tlisir credit was exhausted or they i had buili more than ih:y could sjli, | They stopped. And when Ihc cjp- • Hal goods industries slop the <!e' l>r«ssion is here. j But whj- did v.-o spend so much i on capital goods in lliose years? There are several reasons. One uas J the motor car. Motor plants and machinery ran to billions. Besides there KCTC millions of. garages hundreds of thousands of mow rooms, repair planls, billions in new joads. And the:: the n:3tc.- i chinjti our ways o!. !ivir,j 't "yfiie suburbs, R«ult- T-lttle Rock, division recording secretary, win bL- a soloist "at :i meeting and will be oh the pio- :gram of the hlslc::cal-evening: . Mirs Patty Shane, of this city, • is president of the children ol itl:c Confcd.TAcy of Blytheville. M&r.} ^A"ej)P Hi -..-., j_jj The third vice-president is Mrs J. P. Howcn, of Little Rock. . Mrs. p. j. Rice..of-yitlc Rock, is the custodian of the fin" Mrs. Jcise MarUn. of Russcll- vme, as historian, will preside Mrs. Lou-thorp ami-Mrs/John Carter, at the historical' program ;billions ' spent on naw suburb-ill : homes. Next there was the rise in •popularity of u« apartment and apartment-hotel. nillions were- spent on these. The development of the skyscraper . made soaring .-structures possible• and' this accounted for vast outlays. j The movies played thelr-partThc I industry itself' was .'not so ; impor- i tant, but il required ilic coiistrnc- [tion of over twenty; thousand new ' movie theaters', some, costing millions. Machinery, improvements— tecliiwlogical advances "as-tliey are called-resulted In • the .expenditure' of billions on new machinery, particularly new handling; devices. •' Reid Courier News "Wihl 'AdJ. HOTEL NOIiLK is How Agent .For American Airlitics. Inc. ' ' •Inlormatlon Call 835' For 1'aramoiinl Nuns , Comedy ^^^^ . \P ROXY Tues.-Wed.-Thurs; MAT. & KIT'E—lOc - 25c PAUL LUKAS in th« dsllciouily flight, ful <om»dy-drama-rom- «n<« of a p«nnil«» movf* •xtra gtrl who b*cam« a temporary Counraf* In real Itfel COUNTESS OF MONTI CRISTO y .««,c Myt/t, Rcb«rt MeW**, TucV«r, A Sl«nl«y B«rs«r duclion. Story by W«l|cr ,Dir«cl«) by K«ri Fraund, eyi*«Mll««Bfirf Fox Comedy and Novell}-'

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