Carolina watchman. [volume] (Salisbury, N.C.) 1871-1937, 1934-10-19
'Doughton Speaks
At Spencer On
Tuesday Night
Continued from tage 0ne)

farmers had been losing money
lhomes were being lost, commodity
prices were at low points, and eco
nomic disaster faced this large
group of producers.
He said that farm incomes today
are more than two billion dollars
better under the new deal than und-
er the old. He referred to advances
of more than 100 per cent in the
prices of wheat, cotton, corn, hogs
and cattle, and said that tobacco
prices were from 400 to 500 per
cent higher.
In reference to the Bankhead
cotton bill, which has come in {or
considerable discussion, Mr.. Dough
ton said it was passed upon the in
sistence of the farmers who request
ed that some measures be taken to
curtail production. The govern
,ment guarantees II cents per pound
on allotted amounts, while a small
tax is charged on each pound of
lint above the allotments. Despite
the tax, he said, farmers today are
getting more than two times as
much for their cotton as a year ago.
Democratic administrations have
brought about some of the most
useful and best measures for the
country, he said, reciting the rural
mail service, the department of
agriculture, the parcel post, the
good reads legislation which has
drought to this state we $5o,ooo,-
900 in federal funds in the past 20
years, and will make available $10,-
|00O, 900 more through public works
programs.
Mr.. Doughton declared the
Roosevelt administration inaugural
ed the agricultural credit admins
tration activities which have help
ed ave a million farm homes. In
Rowan county, loans from this
fund have amounted to $63O,775,
he stated, and as a result, many
farmers have saved homes and lands,
and been enabled to continue their
occupations.
The three main detectives of the
government, he said, have been re-
lief, recovery and reform, and for
that reason, many agencies have
been established. The relief pro-
gram is to help those in dire distress;
the recovery 70 bring the nation
back into the line Of prosperity;
and the reform measures to benefit
industry and labor.
The NRA was established to help
give labor a fair share of profits,
and as a result, more people are at
work, with more wages paid and
hours shortened. During the Hoo
yer regime, the average loss in each
industry was s per cent, said MI.
Under the NRA, in
dustries have gained ground as evil
denced by an increase in taxes paid
of more than two billion dollars, he
said.
Mr.. Doughton challenged the
of the administration who
claim the national debt is being in
creased rapidly. The gain is about
six billion dollars, said MI. Dough-
ton, but the majority of it is
through loans to the RFC to help
industries; through farm
mortgages, and the Home Owners
Loan corporation.
Through the credit of the gov
eminent, many banks, insurance
companies and industries have been
farm mortgages r%eflnanced
and homes saved; and many homes
have been kept intact through the
HOLC. In Rowan county alone,
the HOLC has made loans aggre-
eating $362,4S6, he said.
The nation lost over 100 billion
dollars under the old deal, he de-
clared. Some Of the fruits of the
new deal are increased farm in
comes, higher revenues from taxes,
more than four million people back
at work with an additional four
million temporarily employed on
and relief projects; working
incomes are up; and the even ma
jor farm commodities increased in
value from IS to 200 per cent.
1.-THE Republicans have nothing
to offer as an alternative plan," he
said in reference to the coming cleo
ton, "They offer only criticism"
In closing, he urged the voters
''hold up the hands of Roosevelt
through your votes for state and