The times-news. [volume] (Hendersonville, N.C.) 1927-current, 1935-03-05
NEWSPAPERS OPINION
RICH MEN HAVE USES"

In a leading editorial, headed erich Men Have
Uses, Demagogs to the Contrary Notwithstanding,
the Columbia, S. c., State says:
Contrary to the opinion of many persons, includ-
ing some South Carolina citizens, rich men have
their uses We note that North Carolina has con-
sented to accept two million dollars as inheritance
tax on the estate of the late Smith Reynolds.
While two million dollars is not to be sneezed
at by the tax department of any southern state,
it represents but drop in the bucket of benefits
brought the Old North State by men with enter
prise, money and brains who developed industries
there.
And those men did not make their money "out"
of North Carolina. They manufactured in North
Carolina using North Cardinals raw materials, in
creasing their value many times by manufacturing
processes; selling the product all over the world
and bringing the profits back into North Carolina
for reinvestment; all such investments being sub
ject to taxation in two forms by the state.
The businesses which they created gave employ
ment to thousands of producers of the raw ma
teral then to thousands of men and women en-
ployed in manufacturing. Their payrolls created
buying power, and all persons in business, includ
ing farmers, profited thereby.
Many men and women having stock in those
particular enterprises made much more money than
their living expenses. With that surplus, which
some demagogs seem to regard as sinful to possess,
they created other enterprises giving more employ
ment and creating yet more buying power, and
providing opportunity for more men and women to
have surplus earnings to be again invested.
The members of few families leading in this
industrial development in North Carolina have be-
come millionares many times over Many who have
been unsuccessful improyident envy, them. Some
are bitter against them, and the envy and bitter
ness is increased perhaps by the fact that few
individuals who inherited their money did not use
it wisely sanely; they had not the moral
strength force and enterprise of their creative ia
theirs. But the envious and the bitter overlook en-
tirely the bristng fact that while few men Were
creating millions for themselves they creating
more scores of millions for North Carolina, and
providing honorable employment for scores of
thousands of her people!
As to the results, even padded rolls can show but
II per cent. of North Carolinians on 'reiief, while
Southern states having the least industrial develop
ment have more than twice that percentage of their
people claiming dependence on government aid for
the necessities of life
Just as certainly as night follows day do laws
dustres in any Southern state operate against those
in greatest need of help-the farmer who can pro-
duce products to sell in local markets, and the men
and women who, to live honorably, must work for
wages.
Industries depend upon combination of capital
and enterprise. Brighten or throttle capital and
the spirit of enterprise killed Ninetenths of the
Southern territory still needs industrial develop
ment; and for such development capital unafrald
is necessity.
| All the demagogs in creation never made two
ears of corn to grow where one grew before, nor
created opportunity for honest ard remunerative
labor-Asheville Citizen
Yet wicked swindlers couldn't prosper if nice
honest people weren't eager to make some easy
money.
The hardest part of good works is to keep the
ehiselers from getting most of the benefit