davidaulloa/AmericanStories huggingface dataset:
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-18
LIBERALIZING LOANS

President Roosevelts move to hberalize bank
loans comes at a moment when there is decided
Improvement in this situation Steady increases III
loans have been registered for the past two
months.
The President is trying to speed the process up
of getting more capital into action in order TO
stimulate business and thereby help the unemploy-
ment situation during the coming winter.
For the week ending September 9Th, member
banks of the Federal Reserve system in 81 leading
cities had STA 900 900 more in outstanding loans,
other than those on securities than in the proceed
ing week These banks had s216, 100000 less in
reserves with their Federal Reserve banks The
loans on securities, which decreased $36O00,O 900
during the week, SUPPOSED to be primarily for
SPECULATION and the other loans to be primarily
for business purposes although not necessarily for
manufacturing.
This great one-week increase In loans other than
| those on securities is all the more significant be-
tcatse increases, although much smaller, had been
shown in each of the preceding six weeks On Sep
TENDER 5, the REPORTING banks had outstanding
$3.50, 100000 more in such loans than on July 49,
and only $12t 100000 less than year ago. These
loans had begun to decline in amount last Novem,
Der, and the decline had continued rather steadily
until the latter part of July, 1884. "
| The recent expansion in bank loans other than
those on securities is viewed with hope by many
economists. This group holds that business recov
! cry is impossible without marked increase in
loans by banks to business men Such an increase
in bank credit might be result Of business recov
cry, or of its causes, both cause and effect
Also, many of this line of reasoning believe thai
bank credit expansion is the only significant form
Of initiation. The recently published booklet o.
Major Angas a London stockbroker, predicts thai
the facilities for initiation now present in the Unit
ed States will lead IN the not distant future to
marked rise in the prices of common stocks-Tht
Charlotte Observer. ..-
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-18

measure if those preying upon the public can be
unseated? Let us consider the public!
| ONLY little more than two years ago the Sen
.+ conducted another investigation into the meth
DDS of American banking houses. 1t was disclosei
that certain bankers-like munitions salesmen~-
went TO Latin-American countries, particularly,
and oDe bank Wed with another to obtain the
nr;vilega of floating a bond issue for country,
inst "a munitions firms Wed with each other for
business The aim was profit in each case; not
service to the countries involved and certainly IN
voilyed no consideration whatever for the public
In the case of the bonds, the bankers got the
rich commissions which primarily interested them;
the countries got the money or the credit-and
probably spent some of it for munitions the peo-
pies of those countries got large financial oolga-
tions to carry, and the American public got swim
dled, FOR most of the bonds are in default and
never will pay more than few cents on the dol
lar The lesson in that Senate investigation was
that the public must be protected from such ex-
ploitation in the future-and the result has been
the SECURITIES Act, bitterly opposed by the banker
broker lobby. ...
In the case of munitions, the Intermediates got
the commissions, the purchasing governments got
the goods the munitions makers got the money,
and the public got huge bill for taxes. NOW IS 1t
not time to give some consideration to the public
Is it not time to curta the munitions trade in the
public interest? ,.,.... .......
To be sure, this would be only faltering step
toward removing the causes of war itself, but any
progress in that direction is desirable. Perhaps
there may come from this investigation something
comparable to the Securities Act, but applicable to
the munitions trade in the United States, and pos
si5ly in other countries as WELL
The United States at present has less govern
mental control over the manufacture, sale and
shipment of war materials than any other impor-
tant munitions manufacturing company. In the
last decade the United States, Great Britain and
France together have accounted for between two
thirds and of the total world exports
of arms and munitions.
Let US ignore the cries of the munitions makers
and their friends, and think only of the public
which long has been the victim of their personal
thirst for profit! christian Science Monitor.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-18
The Revised
Constitution
BY JOHN J. PARKER
Judge u. S. District Court or
Appeals
2. The Method of Revision
By JOHN J. PARKER

There are two ways in which
the Constitution Of the State may
be revised. One is by calling a
constitutional convention to con-
slider the matter. The other is for
the Legislature to adopt proposed
changes by three-fifths vote Of
both houses and submit them to
the people for ratification at the
next general election. The "c6ni
vention method is not satisfactory.
The convention is large body of
men and does not lend itself to
the calm deliberation with which
changes in the fundamental law
should be made. We tried such a
convention with very unsatisfac-
tory results in 1876. New York
had a very unsatisfactory expert
ence with one about twenty years
ago.
When it became evident that a
revision of the Constitution was
necessary, we adopted the second
method, which had been tried with
success in our neighobring state
of Virginia, probably the best gov
erned state in the South. The Leg
islature of 1881 authorized the APP
pointment of a commission to pro-
pose to the succeeding Legislature
changes in the Constitution. This
Commission reported to- the Legis-
lature of 1888, which adopted its
report with a few minor changes;
and the Revised Constitution
which is being voted upon by the
people is a result Of its labors as
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-18
CHEMISTS BRING HOPE, MORE THAN
DESPAIR
(By BRUCE CATION

TIE chemist has been getting a bad
name for himself lately. 1t sometimes
seems as if he never gets his name in the
paper except when he invents a new kind
of poisonous gas, or devises new indus
trial process which will put more men out
of work. ...
It is only fair, therefore, to remind our
selves that there is another side to the
ledger. Proceedings of the annual meet
ing of the American Chemical Society, at
Cleveland, show how these scientists are
working steadily to make the world hap
pier place.
For example: Two University of Penn
sylvania men report to the society that
they have discovered a new substance in
the bodies of men which seems to make
human tissues resistant to cancer. 1t is
suggested that it may be the presence OF
this substance in healthy body which
makes it free from cancer-and the alb
sence of it which makes cancer develop.
Not enough is known, yet, to enable one
to say what Importance this discovery may
eventually have But there is just chance
that the great war on cancer is appreci-
ably nearer final victory because of it:
Another, group of research specialists
tell how they have developed drug which
deals out death to pneumonia germs.
This drug, seemingly effective, against
all types of pneumonia germs, is a deriva-
tive of an earlier-knowh compound which
while fatal to the germs, was also very de
structive of human tissue-and, therefore
too dangerous to use medically.
The dangers seem to have been over
come; and, once again, while it is too early
to predict that the long-sought specific fol
pneumonia has been found, it is just pos
sible that this dreaded disease may be on
the verge of being conquered. -.
Still another chemist reports that the
use of copper and iron salts will cure nu-
tritional anenia in infants Another tells
of new drug for the treatment of fat EN-
bolisn, a2deadly congestion of the lungs
which sometimes occurs after major OPP
Grafton.
All of these things-Some of which may
have the most profound Influence on the
effort to reduce. human suffering and mis-
ery-are simply part of the ordinary. day
to-day work which goes ON in our research
laboratories. So
We seldom hear of this work The
chemist goes his way nnsung, and most 81
us connect his name chiefly with death
and destruction, tits only fair to retdem-
bet that there is another side. to it.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-18
NEWSPAPERS OPINION
3 - -. -
cUNsibEaF fAs pJsEIEFF

Pressure i being bfoagst To pear from 4nahs
directions to halt the Sehates insestgations of the
munitions traffic. This was to be expected Through
diplomatic, military, banking, and business chan
nels, both those responsible for the investigation
and the general public are being told that the ins
curry win wreck trade and win ipefil good inter-
national relations, that the charges are irrespon
sibly made and untrue. ,,,., >.,,.,..,.
Perhaps some rash Sr even Incorrect statements
have been made by certain witnesses That is un;-
fortunate, but it is not as unfortunate as would
be return to the silence under which munitions
groups have soSSed misunderstanding among pso-
pies and feaped fortunes for themselves. II the
United States must suffer b temporary loss in
American trade because 81 the current dis
closures. may not the reward come in OVERLOOKING
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-18

vate gain.
r. Notably our local governments
do not measure up to the require
mentS of their citizens. Equally
notable is it that the citizens
usually do nothing about the mat
ter. They do not know what to do.
Politics is purposely made and
kept mysterious by machine poll
ticians. So the American people,
departing entirely from their pol
icy of demanding the right to
think and act. for themselves in
all other matters, leave politics to
the politicians. S. i ... .
Cincinnati, Ohio, has for the
immediate past six years been
conducting a successful expert
ment that many other municipali-
ties ere preparing to copy. Gin
cinnati has made the important
discovery that a non-partisan po-
litical organization can be created
of citizens interested not in per
sonal gain but in community behe-
fits, who will work as Industrious
ly, theoretically, and persistently
for community welfare as old line
political machines work for per-
sonal and private gains. Cincin-
natl has found that she can draw
into her citizens organization, an
entirely new type of political
worker, who scorns to be paid for
his OF her services except in the
knowledge that the community has
been impshged. The Cincinnati
organization is constructed exact
ly like che old political ring ma
chine, but IT'D members are pa
triots who give their services. or
their money, or both, without be-
ing rewarded by political Jobs or
special privileges.
Cincinnati has demonstrated
that in 4 fair fight, her non-parti-
san, amateur citizen organization
can whip the partisan, profession
al political machine. Thus in six
years, Cincinnati has been trans
formed from the worst governed
American city to the best gov
PaStisanship may be necessary
in state and atienal government
but Mhas Islsl taxnonstrated it's
.e 8 deficiency in
tpSa5l &RveI * sfS,sis,
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-18

approved by the peoples represen-
tatives in the Legislature of 1888.
The Commission which drafted
the Revised Constitution was not
composed of impractical theorists
or of representatives of special in
terests, but Of nine experienced
citizens of the state all Of whom
had served the people in various
capacities, and, excluding myself
from consideration, were well
known for their patriotism and
sound judgment. The chairman of
the Commission was the Chief JUS
tice of the Supreme Court of the
State, who has given twenty years
to the work Of the Judiciary. With
him was Judge Michael Schenck,
one of the ablest of our Superior
Court Judges, since elevated to
the Supreme Court Then there
was the State Commissioner Of
Revenue, Mr.. A. J. Maxwell, the
man who knows more about state
finance than any other man in this
part. of the country. There were
three of the States practicing
lawyers of outstanding ability, Mr..
George F.. Butler of Clinton, Mr..
J. o. Carr of Wilmington, since
appointed United States Attorney
for the Eastern District Of North
Carolina, and Mr.. Burton Craige
of Winston-Salem. There was
Hon. Lindsay Warren, a member
of Congress and wise and eXpe-
rienced statesman. And there was
Dr.. Clarence Poe, editor Of the
Progressive Farmer and one of the
States outstanding liberals.
The members Of the Commits
sion worked on the revision of the
Constitution from time to time for
, a period of Is months. They en-
listed the cooperation of the law
departments Of the State Univers-
I ity, Duke University and Wake
Forest College. They heard dele
cations of citizens as to various
matters. They studied the expert
ence of other states and had
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-18
S:hipman Will Be
Constitution Week
Kiwanis Speaker

According to plans announced
by President o. Y. Brownlee, the
Kiwanis club of this city will
have program Thursday devot-
ed to the discussion. and consider
alton of the constitution Of the
United States, and the promotion
of a better citizenship, joining
in with all the other 1900 XII
wants clubs Of the country in
nationwide Observance OF, the
birthday of the constitution. The
address will be given by j. E.
Shipman. ....... III
Constitution week is fixed for
September 1922, which includes
the date Of the anniversary of
the signing Of the constitution on
September II, 1857.
Because of the many problems
which face our citizens and par
ticularly because of the questions
that have been raised regarding
the constitutionality of some Of
the aspects of new deal legisla-
tion," said President .Brownlee,"
"a consideration of these aspects
was never more important than
at this tiins.,a. The increasing So
cial, ecoripInic and governmental
problems sYdsmand more solid
thinking ogs fhe part of all citi-
zens; a more intelligent. under
standing OF these problems, and
greater action on, cthe part of |
more people to help solve. them, |
particularly as they affect, our
local conditions. Because Of the
long fought for rights which are
guaranteed by the constitution,
the duties of a militant, citizen
ship in solving our: own problems
are great, y i s.anl IL
more fitting time than the pres
ent for our entire community to |
consider the various ASPECTS of |
the constitution and for Citizens
to demonstrates their . patriotism !
and to deEel apsa finer .citizenry,YI
DR.. ,WiHlaMsJ. CarfingtannSofl
Atlantic EANsNew Jersey ,prssil
dent of fMi3tanis InternHtionAkd
urges. that an Kfwanis. ,clahs.ss and :.
citizens take part iM Nh kj&H
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-18

studies made for them by the law
schools. And the. revision which
they finally proposed represented,
not the ideas or notions. of, any
man or group of men, but the
fruits of their study and the ex-
perience of other states. The Leg
islature of 1888 studied their re-
port from January to May through
a committee, of it's ablest members
of which Senator Waynick was
chairman. 1t was fully debated by
the Legislature and was finally
passed by more than the requisite
three-fifths vote. 1t thus repre-
sents, not merely the judgment OF
the Commission, but also that OF
the peoples representatives in the
Legislature. 1t is worth remem-
bering that the report of the Com
mission, which was signed by
every member, closes with these
words: "
"The redraft of the Constitu-
ton is the composite work of
the members of the commission,
not their individual views, but
the combined judgment of the
entire commission. 1t is SUI
mitted with confidence that is
contains nothing hurtful to the
welfare of the people of the
State, but much that may be
discerned as beneficial to their
interests. 1t is believed that the
General Assembly can safely
commend it to the people as
preserving every substantial
right and as worthy of sup
port" go.
Every one ADMITS that the old
Constitution needs revision. The
revision prepared in the manner
above outlined is entitled to re-
spectful consideration at. the
hands of the people. For reasons
which l shall set forth in subse-
quent articles, l think it is entitled
to support as a great constructive
Improvement. in the fundamental
law of the State. ,.- ,.....,, .,.r.
.. ....... JOHN J. PARKER.
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-18
BY WILLIS THORNTON

NEA Service StnT Correspondent
W7ASHINGTON-The' horror OF
w the MORO Castle disaster has
tanned congressional interest IN
lust how thoroughly the Com
merce Department is enforcing
shipping regulations.
Despite Captain Warns asser-
ton that he carried a full and eX-
perienced complement of crew eX-
cept in the stewards department,
Representative William Sutphin OF
New Jersey says he has informa-
ton that the crew was new and
undisciplined." The Licensed Offi-
GERS Association has also limited
that some American lines hire
men of questionable competence.
And Senator Homer T. Bone OF
Washington famed up all over
again about the ease of the Dollar
Lines President Grant. The collec-
tor of customs at Seattle refused
her clearance for the Orient in
July during the dock strike. claim.
Ing that she had only three able
Seamen aboard, while her papers
required 10.
Some of the men claiming to be
eble seamen on the Grant didn't
know the difference between port
and starboard, Collector Saul Hass
claimed. But, fumes Senator Bone,
pressure was brought on the Com.
merce Department in Washington,
which peremptorily ordered Hass
to release the President Grant on
prepayment of a $500 bond"
COMEBODY in Washington cares
- what Herbert Hoover says.
His first piece on liberty came
out in the Saturday Evening Post
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-18
:soAkiNc CAPITAL

Thirty-four million people in this country
worked for LIVING in 1882, the last year for
which there are official statistics about 26,00o,-
900 Of these working for others.
Altogether this iaboting group employers and
employees together, earned $40 100000 900, less
than half Of what was earned in 1929 So
Those who worked for others took home S31 ;
500, 100000 of the total earnings for that year.
After all the employees in the coountry had been
paid their part Of this national income there was
left $7S00, 100000, Or about 20 per cent of the
total, for the labor and management of everybody
in business for himself, and to pay interest and
dividends on all the savings invested in all the
business Of the country. e. g.. 2.,c-9.'. " e.
Those who are Always proceeding on the Theory
that the more you soak the rich, the better off
everybody b. MAY find in these facts an indication
That an 1882 the rich seem to have beet rather
soslfuliy soaked.-Dr Julian S. Miller in Char.
lotte Observer ". .." .';re
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-18
BEHIND THE SCENES m
W'>I,Z,Al!SSElIIlGTON

on Tuesday. On Wednesday thc,
wasn't a copy to be had in Wash
ington. BY Thursday the dis,rib1
tors had six men securing n:
town to pick up just one copy ia
filing purposes. But 23,5OO cOplt.
had sold out clean. an increase Of
1900 over usual Washington figures
Even IL every reputed member Of
the Brain Trust had bought CODY
to pick to pieces, il wouldn't 40
count for that many.
SPEAKiNa Of the Brain Trust
~ it's got to the point where even
more people than ever doubt It's
existence. Somebody In Philadel
phia the other day mailed a let.
ter to "The Leading Thinker, Dis
trict of Columbia Administration,
Washington, D. C."
Was the letter sent chasing over
seas after DR.. Tugwell, Or rushed
to Prof. Moley's New York sane
tum? Not at all.
The postoffice delivered Il to Sec
rotary Daniel E. Gargej Of The
board Of commissioners which gov
ems the District of Columbia, And
Garges, blushing a deep pink.
stamped 1t For the attention Of
Commissioner Hazen.'
DESPITE the ballyhoo for trans
- Atlantic airmail service, put
down your bets that trans'Paclfc
service will come first. Harlle'
Branch, first assistant to Postmas
ter General James A. Farley, isn't
in Alaska for his health. Het
looking over the possibilities o.
regular airmail from Alaska over
the Boring Strait to Russia aAo
Japan. ,,.
It would connect at this end Slln
regular seaplane service to Alaska
and with the Chinese lines al 'ns
other. Lindbergh didn't 70 O'el
this route a couple OF years as'
for his, health, either .,
1C6uv~;cht 1921 NE : "".. ''''
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-18
Mrs. Anna Dali
Will Have Nose
To Grindstone'
Doesn' Read. Gossip and
Not Contemplating Mar
rage, She States =.
Copyright, 1884, by u. P.

Copyright, 1884, by u. +.
WASHINGTON, Sept. II. (UP).
Mrs. Anna" Roosevelt Dali, who
obtained a Nevada divorce a
short time ago from Curtis B.
Dali, refuses to read gossip col
umns which hint that she is about
to re-marry. e..
She told the United Press she
would resume her duties at the
White House ron October l and
will "lead almost exactly the
same life which ] led last year"
That means the tall, blonde
daughter of President and Mrs.
Roosevelt will write for mag
azines and help her mother read
and answer the hundreds of let
tiers that come to the White
House.
Gossip has reported. Mrs. Dali
plans to marry Washington
newspaper reporter. 1t also was
rumored she might be engaged to
Arthur Mullen, Jr., son OF the
man who was Mr.. .Roosevelt's
floor leader at the Chicago con-
yention; or Cytus Washburn,
California swimmer with whom
week, and give some thought to
the rights and privileges accord
ed to all citizens by that, docu-
ment and also realize the respon-
sibiHties they, have because OF
those privileges. a. 81. So, r.. ..'
The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1934-09-18

country, you will find that they
are the result of selfish, blind par
tisanship. -, 4
VIGOROUSLY bad local, govern
ment is as it is because common
~, the best people in the comnu-
mites put the success of the party
Organization ahead of th& success
of, the communities. "
1t is to be hoped thatsthe gen
GRAFTON now approaching manhood
and womanhood will corse Of age
with broader, more Intelligent
ideas of government than are pos
sessed by their eidess, and will cut
slashingly through the Barriers to
governmentarS, psp9re$ and i'm
provement habiteaty Set up by
partisan narr6wfiess and preju-
dice.
Today, when political candi-
date is nominated and elected,
what does that mean? Does that
mean that the people have chosen
and spoken? Not generally. Usual
ly such nomination and election
express merely the manipulation
and the effort of small organ
ized political machine made up of
political job holders and govern
mental favor-getters, who work.
diligently and shrewdly to per-
petuate themselves in office and
in power. Peculiarly true is #
that government in this country,
particularly local government, is
managed and controlled by an ele-
ment which is in the work prf-
marlly for personal profit and 5pffii:.9