The Courier News from Blytheville, Arkansas on October 29, 1934 · Page 5
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The Courier News from Blytheville, Arkansas · Page 5

Blytheville, Arkansas
Issue Date:
Monday, October 29, 1934
Page 5
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MONDAY, OCTOBER 29, 1934 JLYTflEVILLE, (ARK.) COURIER NEWS i.' w»>i : uv.vv- ' JgionpeQuintuplets Thriving,photograph Reveals PAGR THREE BE BUILT III EN 'Continued From Pnce One) who rule our destinies. The chief peril to adequate regulation of the exchange now is the possibility that a nod from the While House may cause Ihe commission lo slow up for polllical reasons. Hut this must be remembered, i Whether Wall Street Is governed in the interest of Ihe people or the luUwst Hi Wall Street will depend on the commission. The original act contained provisions which Mould make It impossible for the commission lo be a pro-Wall Street one. Rules . controlling margins, regulations prohibiting ' brokers from gambling for. liunr own ue- counl, drasiic provisions affecting pools were in the bill. The Wall Street lobby with the aid of the United Stale.s Treasury Department, look all llicsc teeth run of the act. They left the whole subject up lo a commission. As for margins, this was left to Ihe Federal Reserve Board. A good commission can be trusted to penetrate the pretensions find fakes of Wall Street and enforce sound transactions. But Ihe future will depend on what kind of men make up these commissions. There is no guarantee thai they will not, in the end, fall under the dominion of the powerful interests they arc set up lo control, as has happened to our utility commissions, our railroad and hanking and insurance commissions. Let us not be too sure, therefore, that Wall Street will not come back. « • * To afford us .some insurance ngalnsL tills, however. I urge tb;H the following measures .should he 1. First of all. the trouble does not lie just in the stock exchanges. It lies in our whole financial system, which is ramshackle, unscientific--indeed the craziest thing in our civilisation. H was not created by experts to hieet the needs of a highly complex .society. It jus' 1 , grew, without order or design—a collection of iniprovlslons. without any logical relation to the functions which a financial system ought lo perform. Therefore we ought to make a study of the whole thing and effect a thoroughgoing reformation of it all—which meaiis our banks, our savings mechanisms, our insurance organiza- ti.jri ,our investment devices corporation laws and our markets. prohibiting ......... „ ..... VM .. e bankers and making "loans on securities; ( C ) prohibiting banks from making loans on sccihities or any other form of collateral save self-licjnidnting oMfentfons; (cO taking away from the Federal Reserve Board all control over margins; fei laking the autonomous direction of exchanges out of the hands of brokers and giving representation to all interests concerned in trading; ami (f) finally putting all these things into laws and di- ectlng the commission to enforce. not make, these rules. Tn rr-nch mir int,Aei.«« . icii our coniorilinn i, mcnt . " ° " Jim Man: 11 May July Oct ordinarily commercial I ent fully expected. Now if Ihls com- . mittee had handed me the bill steady most of l)io dny, Him ran Into selling toward the end of me setiir.n nnd closed three lo |:olntr lowoi. open lilgli low close liKM 1231 1220 1220 IKH mo 11MO 12-H 1242 law mo mi) mi 1237 1227 I'm I23III) 1.233 12201) Spots closed quli't nt 1250, oil' 5. Mock Prices YORK, oci. 20 <UP> — Blocks lugged ' ut slightly banks nnd wliose imperiled by the freezing of its funds. Above nil lending by banks in the .slock market should be rigidly prohibited. above the previous close until Ihe i lust hour of liudlnx on the stock hiiiiije lodny ami (hen reacted wiisvnril In. moilsrately acllve would have secured the necessary ,,. •" -;• ... names and we would have had It Now men who _ will wilfully vlo- submilled (his year, but the friends of this connnlUcc will have two late any law should be indicted an-J tried for such violations and if ths proof is sufficient they should be sent to the penitentiary as the law (hat most bankers will not agree with these recommendations. That is chiefly because bankers, who may know a good deal about how lo run a bank, know little or nothing about our economic system. If we want n reasonably slablc economic machine we must come to this. Above all, 1 warn solemnly against any continuance of the vicious holding company system applied to hanks. Our people, 1 daresay like all peoples, are obdurate about turning a deaf car to warnings. But this one is serious. If holding company banking Is permitted to flourisih it will absolutely j ^ I d [irecls. Unless something is done to stop this and done quick some of our people will become so dis- liiisted they will not attempt to vote at all. Of course, this is what the crooks and grafter.s wan't. Now in the future let me suggest that the judge of the criminal court question each juror whether they had an especial friend who actscl as a judge at any election of recent date that he might fnvor or befriend by keeping off an indictment should lie be charged with a violation of the election laws. Then, in the event that any testimony were offered before such a grand Jury the juror who answered that t.^uiuiv,.)' nfi would not favor such fricm;] destroy us. I warned about holding CO »W bo prosecuted for perjury ivnii.v.m. h«.,l.l.,.. ,.„,. :.. ... I Jllllgc Kcck wncn | nstr , |cting ' (he grand jury at Osccola gave special instructions tq make diligent inquiry about the.abuse of the election laws in certain precincts in the southern part of tli c county. Still this jury neglected or refused hanking back th ...... t II was this Indefensible which wrecked the bnjiks of Detroit and Cleveland matter, many other places and sent the repercussions of thos smaller banks. I see signs too ob- to do anything about the matter. to be ignored that it is to this astounding folly bankers will c Juage Treiber. when Thc-Editor'i Lstter Box rre at Uie om Mr. Driver on tint • Grand Jury (To the editor:) I notice In your issue of the 2,3 inst. you pubTTsh a letter signed W. M: Tucker on the subject of illegal elections and other matters, reports of the grand jury in particular. Now • the report of the grand jury of th" -jOsccola district was no surprise to tliis in a former letter when the acting Democratic Centra! Committee passed the matter up to th? grand jury for further action My former experience satisfied me what that body would <io and that was j il would, do nothing. I Our grand juries are nol what I they were many years ago. At tliat I mi e grand juries obeyed thr in- of the criminal court troubles should be completely recast. Corporations were never in,ended lo be instruments in the lands of promoters lo milk Industry. They liave grown so chiefly through the competition of certain •harler-mongei'Inu stales. The first. ilep is for Ihfi United Stales government to enact a national corporation law. compelling nil industries engaged in interstate commerce to lake out national chart- ,,. ,. -> •" .' "> Thus nlone can corporate ?, v '™' hnl « «I the criminal laws, I ! but lhat is not Ihc ease -at this; day and time. They seem lo tlodg all qticftlom of judge ami made diligent inquiry in Onises be reached. No single state can act alone. A company can incorporate in any state \vhere H gets ihc most favorable- charter .„ &w. That is why most of them go „,' 10 Delaware, Maryland and other •iich slates. The national govern- nenl should then abolish holding •r.mpanies of all kinds. These' ore he machine guns in the hands of irirpornte promoters. To talk 1 about iHllvldiiaiLsm while individuals, can irm themselves with .thb resources if a humirrd thousand men is idlculous. Vfy- have not a nation >I rqual individuals, but of mil- tons of Individuals and a few cor- lei-ate monsters. ~ t e We must deal with I fully realize from what has taken place recently that the good honest people of Mississippi county are up against a hard proposition and it's going to (nkc s(1 ,| c( action of our criminal court to enforce our election laws. The crooks and grafters have absolute control in Mississippi county and it's going lo take strong nerve lo be aWe lo resist the pressure. You know, Mr. Editor, lhat I have been advocating. a salary bill for quite a while, fixing l!ie'salary of each county officer. Those interested got n certain lot of gcntle- they say, but kept'the bill 'from those who wanted such a law anci finally reported a pocket veto, as Quick Relief for Chills and Fever and Other Effect* of Malarial nnn'l put up ivui! inc r, -the teeth-chattering' by forcing our overpaid oltlccrs to at least keep our public bulid'tni';, In proper shape. At present lli-y must taX-e considerable time off t<i spend the amount they are over election take nn onth further 'thai ,, ,,. " ••" ^.'iii uuiner uiat (hey will conduct the election honestly; That m ,ans Mm. Ihcy will not allow any one lo vote whci not entitled, legally ,„ voll , Ti)( . grand jury lakes a,, o.itl, , n ,„„. twrl Ihe law.s and constitution of, Ihe slate or Arkansas and lo clili-1 " p builds up your syslein against, fur(her atlack. Grove's Tas'.-k-.w chill contains: taMelcsA quinine kills Ihe infection In llu> It. filso contains iron which blood ami help:; il overcome the efforts of Malaria ax Tonic which blood. our banking ^".' u,!,,nii|u .yslem. Wo liave done little about lint. The Glass-Steagal bill does lot go nearly lar enough. \v c mist have a national banking ystem. Here again the reason is he same. While state and na- ionai systems are competing there •an be no adequate banking pro- eel ion. Right now our banking yslem is defunct, held up wholly >y the Federal Deposit Insurance •~und. This, therefore, is the time " recast it. Financial institutions should be '_™ y _?-!i' 'Sldly divided Into bunking and! avings or Investment institutions.' Jiinks should be banks and nolh- ng else. They exercise n sovereign unction—the creation of money, ecnuse all the money we do busier with is created by our banks "rough deposit currency. They mist therefore be kept rigidly 11- iiiid. This can be done only by milmg commercial banks to lend-' ig on absolutely self-liquidating "»-'»« rvnii.xi.s mi j \0 (|J|1_ I ' -""i m.iji i n ui ri gently iiKjiiire into th r violation of I romir lllf> crr ° c l s of Malnria as Ihe criminal laws and lo indict wc " a:i fortlr 5' "Bninst iv-infec. those who do so "jtimi. These are tlic errocLs you Now the late Krand i,,,.,, „,• .,,„ "/"" . fnr COMPLETE relief. Grove',; - late grand jurv or th Oscjola district of Mississippi <1 is pleasant to take and absolutely safe, ever , ~^" i"^>i nuKtis wer made and voted by the judges an ' n i don't k ,, ow iol. us r was only EASES ACHES LIQUID OT- TABLETS Dr. Floyd D. llowton, Dentist Announces the opcn- «f an office for denial practice in llic Lynch building on South Broadway. more years to work the people. Now i suggest that those who want to 'cut the expenses 'of the comity government get together and have a bill drawn and submitted at our nc.xt election two years from now, hut until then we must keep Paying twice'for what we get for official service. Tills Isn'lj fair to oin 1 overburdened taxpayers. If ve can adopt a salary law we can soon pay our county debt and be on n cash basts. Now we have the best nnd most pros)»rous county in the state and still we are hruvily in debt. If \ve had our officers on n salary basis we would soon be out of debt without raising our taxes 'and would soon bs able to cut them hi half with proper management. Na-a again I refer to Ihe action at Osccola. while the jury refused to indict the .election crooks they did hand (he officers a package about the filthy condition of the courthouse. The lady members of the grand jury are resixmsiblc for this as they know something about cleanliness and 1 am really proud that.we.fiavs at last found, ladies where they ca n do our county good Markets , . overworked Janitor must also get! a move on himself or lose his long occupied job. Yes, indies, 1 Wan't i to thank you for this act. Force ! tile boys to keep their faces clean I and also their phtrcs of employment. I appreciate Mr. Tucker* 1 story of (he skunk. II. is simply a j proper description of what j jlt s r: conlly taken place. JOHN H. DRIVER uixorfi, Ark. 10!) 3-8 10 5-ii 20 1-a 33 1-2 1 1-2 1-2 18 IK I-I) ino.ll unusual country. Sugar Contents of Beets Higher in Nebraska SCOTTSHLUPf, Mel). IIJP)—Al- thaugl, Nebraska's sugar licet crop will be .somewhat lower tliis year than the bumper production of 1933, the 'susni- content of u,,, beets Is nnniinsj higher. .Tests of S. Ii. NuckoUs, federal' crop expert here, show n content of 12.5 per cent in the beets as "Biiinst a coiitcia of 11.9 per cent til this Lime last year,' Higher sugar content in the.beets will mean higher profit, from the crop, producers said. Hi'iiovi'r on u break In wheat. A. T. and T Aiiiieondn Copper •IJeihh'hi'in Sle;l ...,,... Chrysler Cities Service ., fli'iii'nii American Tank Oi'iiornl Kk'clrlc Ocmrnl Motors intcrimlloiml llarvesit-r Montgomery Ward ... New York Central Packard I'lillHjjs I'elrolouin ... Itiidlo Corp Simmons Hrds Wandard of N. ,].';..," Texas Co ..'. '. '. U. H. Smelling ',.'.'.',.'.'. McKrsson-liobblns Xoniti> Pussy Willow Picker Starts 25th Year of Work noSTON (UPl-John Jacobs of lioMniry chilms to have on:; i>f tin a r.-a 11 i-n fi S-ll II 3-1 :ia 1-2 so. 31 1-1 11,1 1-2 n :i-4 vocations In ihn He's a pussy- willow plckcrl And He ])iekf! 'em the year around. liwnlly he tumuli Ids 2(ith year ifl;|.|. pussy-wlllnw masjmite. Better Football Tickets Feature of College Head CAMBRIDGE, Mass./lUPl-Hav- Jiig n dud wlio Is president, u( llnrvnrd, Ihe nation's oldest, unl- vt-rslly, Is advantageous In moie ways lhan one. "Teddy," yoiins ton o( or. James 15, Coranl, has discovered. Asked how he liked having his father president of . ITurvtud, me boy replied; "Now we yet much belter lout- toll llekolsMhan we' ever did bs>- WAKNIXC OltDKIt IN THE C'llANCERY COURT cmcKASAWiiA DISTRICT' MISSISSIPPI COUNTY, ARKANSAS. Cleiievia Wllker.son; Plulntllf, No, D825 vs. John Wilkerson, Defendant. The defendant, John Wllker.son, : warned lo appear, within-thirty up in the court nnmed lu.-ilio caiitlon' hereof nnd, answer ithc complaint of the plainlltf, Geiiev'la Wllker.son. Ualcd this 20th dny of Oclolior, O:M. 'H. I.. OAINRH, Clerk, Ily Ulllolt aartain, D. C. !. s. Hudson, Ally. 20-5-12-m WAKNlNf! Olinii'li IN r'PHE CHANOHRY COURT, CIIICKASAWIJA DISTRICT, MISSISSIPPI COUNTY, ARKANSAS. •IJcula I'rricll, I'lnlnlllf, No, 5820 vt Uiiymuiid Prueti, Defendant. The defendant, R.iymond Pmctl, IK warned to appear within thirty days In the conit named hi iho raptlon liweof' nnd aiLswcr the complaint of the plaintiff, Bijuln I'rueh. paled tl'ils aqth dny of October, Dnc May •New York Cotton HEW YOUK, Oct. 29 (UC) — CotUin cloned barely steady. open high low ctosi- Dec JLIEI May July Oct 1224 12211 I22D 12:14 1240 12:iO 1232 IL'S'I 1231! 1243 ran 1220 1223 122:! 1225 mil 12:11 1221 1221 ._ ...... ...... . Spots closed rpiiet nt 12111, oil's. New Orleans Cotton NEW ORLEANS, Oct. 28 (UP) — Afltr opening higher due to better cables the cotton market held •Inrote iTiithi'i's (he pussy icllloiv.'. fhn hud stase, takes them home Ihrmigh u special process, " them himself, ownini; no ., llli! . '»' uA's Ivaln.H and rolley cars on his expctlltlons to iwnuips nnd /iejds wlthfn a rndliis of .ir> miles of Boston Never in the'past quarter eon- tin 1 )' lias he eiicnuntered trouble '" nmlln e mnrkrt for his wares. Kma Coiinnr News Want It,, t,. GAINES, Clerk, liy Elliott Hnitalii, D. c. K, a. Hudson, Ally. 29-5-12-™ NASAL CATARRH • • .Just a few drops up each nostril...... ' I.<uafr,l ,,l .s nu il lcas ( earner. «';,!„„( ana Stfma ADDING MACHINE & TYPEWRITER SERVICE BUREAU ' .DON H1WARDS, I'roprletnr mak<s of rdlnillt Typewriters. ;\i!dhu; Alnnlihir.sanil Calruhlnrt RcpnlrlDpr— I'acls— Kllililill] rhoiu 11 ' > —and the boys smoked them —<"[d Ihe girls raked in the nickels and the dimes -r-und they sang ff a hot time in the old town" it r* cigarette tliat's MILDER the cigarette that TASTES BETTER

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