davidaulloa/AmericanStories huggingface dataset:
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23

Economic Conference in London
with a speech which was heard by
radio around the world. Every ma
ton on the globe, &c of them, wa,
represented there. Nc monarch evel
presided over such a truly world,
wide gathering.
The conference was called by IT,:
League of Nations, supposedly che
most democratic organization If
the world. But the man who presi.
ded is the only authentic and pow
erful emperor who remains upon
throne.
One secret of George VS. porula.
rity is that he doesn't act as if h
were a monarch. He knows that hi
is King only SO long as the Englisl
people want him to be. He is sic
to have intimated that the heir tt
the throne, the Prince of Wales
stands a much better chance of be.
coming President of the British / {.
public than King.
STOCKS the furry
Anybody who thinks that spccu
I~lation in stocks can be stopped BY
law has another guess coming
There is no limit to the desire O:
beings to gamble. Most o:
of the transactions on the Stool
Exchange in normal times are OF
behalf of legitimate investors, VIII
have bought and paid for thei
stocks and sell only when they ca,
make a material profit by doing s.
and not always. then, if the divi
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23

,re-war period August, 1909, to
,uly, 1914 (for tobacco, August,
919, to July, 1927
Since that 1909-le14 period,
arm prices were above parity
or only two years during tie
World War. In the depression OF
;92o farm prices dropped SO much
over and quicker than prices of
other products that a $50 dis
parity resulted. 1t has continued
wei since, and in intensified form
n the past three years.
In order that farm products be
on a parity with goods that farm
ers buy, prices of farm products
must be doubled even if the prices
of other products do not rise. As
prices of non-agricultural goods
rise, farm prices must rise even
more to come to a parity level. 1t
is not the plan of the administers
tors of the act to accomplish com.
plete parity at once.
A parity price is not necessarily
, stable price at any particular lev
Il but merely bears a certain defn-
tie relation to other prices. Parity
between farm products and things
farmers buy can be maintained
on a high or low price level
but farm prices tend to decline to
over points and more quickly
han other prices in periods of de-
preston.
Although farm prices were a
bove the pre-war level during the
period 1920 to 1880 a constant
disparity continued. This dis
was smallest in 1925, due to
small crops. Then the ratio of
prices-received to prices-paid by
farmers was 81. A decline in farm
prices then followed, making this
ratio as low as 4S in February,
the lowest point on record.
The long continued disparity
since 1920 has prevented farmers
making repairs and requirements
to such an extent that the condi-
of their buildings and machir-
cry has seriously declined. Prices
must continue for some time at i
parity level at least in order to
make up for the losses of the post
years and to restore agricul-
to the same condition relative
ly that it held during the 5 years
1910 TO 1914
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
BANK FAILURES IN N. c.

On June 80, 1928, there were
in North Carolina AL state banI.s
and II national banks. The aggre
gate resources of these SIS st,te
and national banks was $780,
900, according to the Report Of
the Comptroller of the Currency.
On June 80, 1882, there were in
North Caroline PIG State banks
and Al national banks. The lsgre-
gate resources of these 257 banks
was $264,583,OOO. Thus on June
so, 1882, there were 26l fewer
state and national banks open in
North Carolina I than four years
previously, and bank resources in
operating banks had declined : H.
tie more than 255 millior dollars
What has been or will be salvaged
out of closed banks is not YET
known.
During the fve-year period from
June so, 1927, to June 80, 1882
there were 10 state chartered
banks, and 50 national banks thai
failed. There have been severa
bank failures during the current ifs.
cal year, but just how many w
do not know as yet.
The year ending June so, 1928
witnessed ten bank failures in tn
state with resources Of slightly
less than five million dollars. Eigh
were state banks.
The year ending June 80, 1929
witnessed fourteen bank failure.
with resources of five and a thir.
million dollars. Twelve were stat
banks.
In 1880 there were II bank fai!
ures with resources of nine and
half million dollars. Sixteen wer
state banks.
The year ending June 80, 1881
was the banner year with ninety
two bank failures. tSeventy-nine
of these were state banks. There j
no report on resources of thes'
closed banks, but eney had On de
post ffty-six and a third million
dollars.
The year ending June 80, 1882
was runner-up with seventv-ont
bank failures, ffty-fve of whicl
were state banks. These banks ha
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
A Laxative that costs
only IL or less a dose

NEXT TIME you need medicine
to act or the bowels, try Thed-
ford's Black-Draught. 1t brings
quick relief and is priced within
reach of all. Black-Draught is
one of the least expensive laxa-
tives that you can find. A ascent
package contains Is or more doses.
k-Draught is made of ap-
proved laxative plants, firmly
ground so you take the medicine
nto your system just as naturally
Is you get nourishment from the
God you eat.
Refreshing relief from constipa-
ion troubles for only a cent or
<ess a dose-that's why thousands
Of men and women prefer Thed.
ford's Black-D raught.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23

III oSPoolN 1lSdliy I'LL -oSfSi1 iiAAA
lion dollars.
Several banks that failed re-
opened later. During the year end
ing June 80, 1881, there were
tw~enty-nine state and three ma
tional banks to reopen. Resources
in these banks totalled nearly
twelve million dollars. During the
year ending June so, 1882, there
we're nine state and two national
banks to reopen, with resources of
three and a half million dollars.
Although North Carolina has a
large number of banks, mainly
small banks, she does not rank
high as a banking state. The re-
cord of bank failures for the s:are
means either that the state has
been especially hard hit by, the de-
preston or that excessive bank
failures is chargeable to our bank
officials. The public is alrc ~
rather we'll informed as to why
at least some banks in the state
have failed.
In 1928 there were fifteen states
that had more bank failures than
North Carolina. In 1929 there
were ter states with more failures.
In 1880 there were twelve states
with more failures. In 1881 there
were only five states with more
bank failures, and in 1892 there
were ten states with more ba.ik
failures.
it is very interesting to note
that the New England Str->,
with large bank resources per
capita, have, had remarkably few
bank failures during the last five
years. For instance, in 1881 there
were ninety-one bank failures in
North Carolina and only ten in
all the New England States. In
1882 there were seventy-one fail
ures in North Carolina, and forty
two in the New England States
1t appears that the Middle
Western and Southern states have
been hardest hit by bank ia; ures.
Few states appear to har' suffered
more from bank failures han
North Carolina.
University NeWS Letter
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
NOTE ON

NOTE ON DIETETIES
Ct. B. Laney in Monroe Journal
In the beginning of the world
war when the famous Beckett Bat
-ery formed itself and when they
we're being examined for foreign
%;ervice, John Stewart or Peggar, as
he is known, was taking examina-
ion. He was turned down on ac-
count of his teeth. Peggar wanted
o go. He really was anxious to go.
md so he said in a loud voice, "T'm
going over there to shoot 'em-
lot eat 'em!"
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
| dends continue.
BY Albert T. Reid

dends continue.
Investors buy intellingently and
sell carefully. But the ordinary
person who does not make a bust
ness of looking after his money
thinks he can beat the stock-market
game while still carrying on his or
binary business. It can't be done,
and it is nobody's fault but his own
when he loses.
Just now there's a new wave of
speculation in the market, because
investors are buying in order to
protect their money against de-
probation. But anybody who plays
the market" on margin is simply
foolish.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
COMMENT
WAR FORESEEN AS A RESULT
OF OUR DIFFICULTIES

To The Editor:
President Roosevelt surely is do
ing wonderful things, but it is cb-
vious that before we can get back
to good times and happy days
lots of changes will have to take
place. As yet we have not found
the remedy for all the country's ills,
We will go on just hoping and
waiting until there is some break
most certain to eliminate in war.
Taxes will be so high and numer-
ous-will fix the small mans bust
ness. and there will prevail much
Misunderstanding. Too long ths
money changers have ruled the
country. War is the next alterna-
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
FRIDAY, JUNE p, 1888
THE ESSENTIALS OF GREAT
NESS

We have been thinking about the
men whom the world calls great,
and wondering how many of them
will be SO regarded half a century
from now. In these days of wide
spread and instant publicity, any
man who does something ~spectacu-
lar and gets his picture into the
newspapers is acclaimed by the I'M
thinking as a great man. He may
have done nothing more important
than to go up in a s%ky-rocket or sit
on a fagpole, but a foolish world
does not discriminate between not
oriety and greatness.
We would hardly try to list the
men of real greatness now alive, hut
we think there is a critical test
which, if applied, would eliminate
many who regard themselves as
great men. We do not find many
enshrined in history as great men
who were not equipped with certain
qualities of character, that had
nothing to do with the positions il
which chance or fate placed them.
1t is somewhat increasingly the
fashion among the young to sheer
at the old-fashioned "copy-book"
maxims of conduct. But there is
only one sure foundation of charac-
ter that will stand the test of
time, and that is adherence to
those very principles. Honor, IN
tegrity, truthfulness, diligence,
thrift, sobriety, modesty, may be
old-fashioned virtues but they are
still the only rules of life which
can lead to real greatness.
1t is a mistake to believe that
the men who rise to the top in
great affairs do SO BY chicanery and
dishonesty. 1t is one of the COM
mones of errors to think that a
man achieves success without
working harder and more faithful
w at whatever task he has in hand
than do the lazy and envious a
round him. And we have never
seen a man whom we believed te
be ON the. path to greatness who
spent his money recklessly, whs
wasted his energies in dissipati y
or who sought self advertisement
The very few men of great at.
fairs who have been disclosed il
these recent times as men OF M
character are the glazing excep'
tons. If all leaders Of bushes
and industry were crooks, tier
could be no surprise at the dis
closures of the ofenses of a Krcug
er or an insult. Men like those
when their true character is dis
closed, get into the headlines be
cause they are different from tn
general run. Nothing can be NOR
destructive to individual characte
than to fall into the belief that i
is useless to strive, since high plac
can be won only by trickery. W
feel that the failure of the senat
investigation to disclose a singl
act of dishonor on the part of tn
House of Morgan should go a lon
way toward ofsetting the shoe.
of the disclosures of less homo cabl
conduct on the part of banker
like Mitchell and Hartman.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
PRICE PARITY FOR FARMERS

PARITY or fair: exchange value
of farm prices, is a situation in
which the prices of farm products
will enable the farmer to buy ON
the average the same amount of
goods and services with the same
amount of farm products that he
could buy in the pre-war period.
The base period which is fixed BY
the Farm Act is in general the
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23

SOMETIMES IT'S pretty
INTERESTING TO pick up
BITS OF conversation here
AND THERE, and SO that's
WHAT WE have done today.
THEY LIVE right here in
SALISBURY, AMP they arc
GRANDPARENTS. YOU are
NOT AS gallant as you were
WHEN l was a GAL" said
GRANDMA TO Grandpa who
DID NOT get out of the
CAR TO help her in. Maybe
NOT" REPLIED Grandpa,
BUT NEITHER are you as
BUOYANT AS you were
WHEN | was a boy"
| Thank YOU.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
"WORLD CONDITIONS"

To The Editor:
These days, if the boss trims your
pay, or if your guaranteed mort "a
ges look a bit wobbly, or if the
furniture man hauls your six sticks
back to where they came from
we'll, don't ask any fool questions,
Just say to yourself-"World
conditions" That is what a banker
will tell you when you ask him:
What did you do with my mon
ey?" Right now these two words
settle most any argument.
r I?
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
CURTIS used talent

R :. used talent
There are just as many oppor-
tunities no was there ever were for
the right man to achieve independ-
ence by the use of his own talent.
and not much else. OF course, he
must have the talents and the vii
to use them.
That is what | think of in think.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
ONES

ONES ENOUGH
(Radio in The Concord Tribune.)
A Concord lady was buying a
birthday present for her husband
in a local store yesterday. In the
gents department she asked for a
collar, size sixteen. The clerk quick
Iy found the appropriate box in
which the collars were housed and
inquired in mild surprise:
"Only one, madam"
Yes, certainly, only one. Do you
-hink I'm a bigamist?"
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
THE CAROLINA WATCHMAN

tive and sure as guns our present
turmoil will take a turn. The
country is leaning already toward
a mighty conflict.
T w
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
WILKES COUNTY ROUSED

WILKES COUNTY AROUSED
Several hundred Wilkes county
citizens have organized to end 4
wave of violence, after Noah
Brown, 80, farmer, was shot to
death by Rom Dancy, also a farm
er, at Dancy's home. Dancy sur
rendered. 1t was the fifth homicide
in the county within a month.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
UP-TO-DATE

UP-TO-DATE
(Old Hurrygraph in The Morgan
ton News-Herald.)
The world will make "a path te
YOUR door, if you buy on credit.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
is IT FUN TO KNOW ELLA?

IS IT FUN TO KNOW ELLA?
Ella Moses Of Bessemer City has
sued the Reynolds Tobacco com
pany for $4,000 on account Of
having been made deathly sick by
a piece of tobacco, she having, by
her own admission, on May 2,
taken and chawed a chaw of same.
Why, Ella!
The Greensboro News.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
INTERESTING, IF TRUE

INTERESTING, IF TRUE
Georgia Governor, off to make a
peech at a fagpole, left a guard
round the State Treasury. Inter-
sting to know that Georgia has a
Treasury worth guarding.
The Raleigh Times.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23

AQUARIUM
The Kingfsh, C~rawhsh, jelly
fish. And then there's plain Hamil-
ION Fish.
The Winston-Salem Journal.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23

50. He started his business career
with three cents, which ran up to
nine cents the first day, buying and
selling newspapers in his native
Portland, Maine. He died leaving
an estate of many millions, owner
of the Saturday Evening Post, Lad
les Home Journal and three daily
newspapers.
Mr.. Curtis prospered because he
had the essential qualities of sue
cess in himself. He was honest, in
dustrious, modest, religious, quick
witted, sober, generous ana cheerful
His life was a complete disptocf
of the notion many lazy folk HI ,
that men only get rich by robblns
the poor. He gave the peep. f
America more, in the shape Of
wholesome good reading, than he
ever took from them.
CONSTITUTIONS the spirit
| confess to a lack of sympathy
with the idea hat our nation or any
nation must always be fettered by
the dead hands of the past. l am
willing to admit that the Constitu-
ton of the United States is the
greatest charter of government ever
set down on paper, but greater than
any written document is the spirit
of the people, and when that chang
es it is time to change the docu-
ment or discord it.
The best thing about the British
Constitution is that it is not writ
ten. 1t includes all the fundamen-
tai laws that have been enacted
since Magma Charta; the Act Of
Succession, the Bill of Rights and a
few other basic statutes that must
not be violated, and that's all.
The best state constitution ]
know of is that of my own Com
) monwealth of Massachusetts. 1t
sets down a few things which the
General Court may not do and says.
in substance, that the Legislature
can do anything else that may be
| necessary to be done. And the
worst constitution l have ever read
is that of Oklahoma, which tries to
prescribe every detail Of govern
ment.
TEXAS and foreign affairs
Anybody who thinks the Ameri-
can people are not concerned about
foreign affairs had better not say
. that too loud in Texas. Peter Molly
neux, editor of the Texas Weekly
has been making Texans under
stands that the prosperity of all Of
them depends directly on inter
national trade.
. Few people think of Texas ii
connection with foreign affairs, bu
that big state ships more good
abroad han even New York. Abou
80 per cent of Texas cotton goe
abroad, and a third of the Popula
ton is we'll off or poor, depending
J upon the foreign price of cotton
Texas oil is another big item il
foreign trade.
Peter Molyneux believes, and i
getting other Texans to believe
\ that we've got to compromise tn
war debts and reduce our tariffs i
we want to continue selling on
goods abroad. Europe can't bu!
: from us unless we buy from them
r he says; and I think he's just abol,
: right.
KING . speaks to world
George the Fifth, the NEST popu
liar king England has had for MOI
than a century, opened the Worl'
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
NEAT

Mr.. Morgan reminded the Sena-
tors that private banking goes back
in its long history to the Middle
Ages. Well, as to that, Mr.. Hitler
can claim the same for Jew-baiting.
The AsberWe Times.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
ITEM

ITEM
Bishop Cannon blames ev=ryrh ng
except lack of dry votes for the re-
suit in the II states which have
declared for repeal.
The Norfolk Ledger-D ib!ech.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23
Borrowed Views

NATIVE WIT
(Radio in The Concord Tribune.)
When a little co.orel boy breez-
ed into a local drug store yesterday
and asked for an "eplleptic tooth
brush," the clerk without batting
an eye provided a plcp!'yiaotic.
DIG
(Old Hurrygraph in The Morgan
ton News-Herald.)
There are any number of people
who can go the Paramount News
two better. They hear all; see all;
know all; and tell all.
Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1933-06-23

KING -. speaks to world
George the Fifth, the NEST popu-
lar king England has had for more
than a century, opened the World
The Washington times., 1933-01-21
Chinese Say Japan
Aims at Annexation

SHANGHAI, Jan. 81 (IN.S.0
Charges that Japan intends to in
corporate Shanhaikwan into its
puppet Manchukuo government
were voiced by Chinese officials
today following reports Of Japa-
nese activity in the recently cap
tured town.
Shanhaikwan, situated at the
point where the Great Wall OF
China meets the sea. is regarded
as q strategic gateway to Manchu-
kuo. .s-a,.f.-. ..
. Chinese officials say Japanese
troops have established a japanese
poStoffice on the premises OF the
Shanhaikwan telegraph office and
are attempting to place cenSorS In
the Chinese poStofflce. TneSe
moves are regarded as the first
steps in an attempt to annex the
district to Manchukuo.
Reports here said skirmisheS
continued along the Jehol prov
ince border, as Chinese irregularS
harried Japanese troops conSoh'
dating their positions prior to
launching the expected advance
on the area.
Indications that the "big push
against Jehol city might soon be
launched were seen in reports OF
arrival of Japanese reinforcementS
at Shanhaikwan. as well as sup.
plies, o large part Of which were
shipped to the north. q
The Washington times., 1933-01-21
8 HELD IN FIRE
FATAL To IS

CLEVELAND, Jan. 81 (I.N.S.).
Ray /. Turk, one Of the five al
legged cOnspiratOrs in an arson
plot which resulted In the death
Of Is persons when the Ellington
Apartment building in downtown
Cleveland was destroyed by fire
last June 7, was arrested today.
PITTSBURGH, Jan. 81 Q.N.S0.
Emphatic denialS and charges of
'frame-up" today were registered
by two men held in Central po-
lice station here for Cleveland
detectives in connection with the
Ellington Apartment Hotel fire
in that city.
The men under arrest were
Sam Neaman, a, an insurance
adjustor, and Paul Childs, 20, q
druggist. Both surrendered to
police last night upon advice Of
counsel.
A third man, Ben Hirsch, of
AliQuippa, was being sought by
local police and Beaver county
authorities today. He was last
reported seen about three months
ago.
All three men, Pittsburgh police
were informed, were indicted
yesterday by a Cleveland grand
jury on murder and arson charges.
The Washington times., 1933-01-21
POLICE GUARD
NORMAN AS
HE WEDS
England Bank Governor and
Blonde Bride Try in Vain
to Dodge Reporters

LONDON, Jan. 81 QNS0
Montagu Norman, 81, governor Of
the Bank Of England, and Mrs.
Priscilla Worsthorne, 33-year-old
divorcee, were married in tn
Chelsa registry office at 8:25 y. m.
AS customary in all Norman's af-
fairs, the ceremony was cloaked in
Strictest secrecy.
Norman drove to the side en-.
trance Of the registry office, &C
companied by his 83lyear-old
mother, Mrs. L. s. P. Norman, In
a large and somewhat ancient
car, while in another, more luxur-
ious and up-to-date, a group of
friends drove to the front en-
trance.
The bride had arrived five min.
uteS earlier, accompanied by her
close friend, Evelyn Emmet.
A few relatives and friends Of
the couple slipped into the office.
The doors were locked and guarded
by police, who refused admit
tance to all late comers, includs
ing friends Of both Norman and
his bride.
Pursued by Reporters
After signing the register, the
couple. drove about the north
western area Of the city for some
time in an attempt to elude pur-
suing reporters, then returned to
,Norman's home on Campden Hill.
Later they left for Norman's
country home in ,Hertfordshire,
where it was understood they
would spend the weekend.
Announcement yesterday that
the couple intended to wed took
social circles by surprise. The
bride is a vivaciouS blonde and
the mother Of two sons.
Got Divorce in 1929
Mrs. Worsthorne, who was di-
vorced from Alexander Louis
Wynand-Koch Worsthorne in 1929,
applied to the Vatican for a papal
annulment Of the marriage after
her romance with Norman began.
Pope Plus, however, had taken
no action in the matter, and ap-
parently upset by waiting, Mrs.
Worsthorne filed application for
civil ceremony.