davidaulloa/AmericanStories huggingface dataset:
The times-news., 1938-12-31
NEWSPAPERS, OPINIONS
CHEAP MONEY

J Money! is so cheap that the American gown
ment is borrowing it for practically nothing. Lbk,
for example at the details of the latest Treaty.
financing. Secretary Morgenthau was able to fse
S1OO OOO, 900 for three months at an interest tte
of six-one thousandths of per cent year! bis
works out at cost of 81 440. Such low price pr
money is the lowest of all time.
b. We are told by such authorities as the Brookes
Institution that cheapness is the passport to d.
nornic recovery. 1t is true that cheap money, Re
cheap goods is an aid to business activity. ht
something else is needed besides cheapness. THE
have to be customers for money as for goods f.
fore cheapness can exercise its benefcent ln1l-
euee. And here alas! the customers other TIN
the government loath to put money to work
There are several reasons for this state of thi.s
One is that the rate for money borrowed by ne
government does not apply to all borrowers. jon
Citizen has to pay around per cent for the mft-
gage upon his house. Such loan, howeVer,hS
hardly comparable with government loans, slfe
the mortgage is not due for repayment for t.
r;od of wears whereas the government loan is e.
pavable in three months. Short-term and long-tem
loans are in different renting category. "A
crediotor, naturally enough, demands more for rs
money if he is expected to Sink it for log
time But even for short-term money, money ierE-
ers ask more from business than they do from te
government Instead of a fraction of per eefr
business has to pay about 4 per cent. BusineF
simply is not as good risk as government whl6
possesses powers of taxation to meet its lnteret
payments. ,..s.,.
Still money is cheap enough. In 1929 the RAP
on customers loans in q southern and westeI
cities was GIG per cent Now it is about!4 p$
cent. Why is it that business men who freely bo-
rowed money in 1929 at 6.16 are not anxious p
borrow money now at per cent? For the facS
show that they are not. Money is the great unerf
ployed, and the best index Of its idleness is tff
low state of 'evelocity of circulation" Money ;
turning over slower than at any other time N
American history.
This is one reason that the government is abb
to borrow money cheaply and easily. The monet
simply isn't being used in business. And this il
due, logically, to lack of confidence that any IN
vestnent of money would yield profit worth the
while No doubt it is comfort to read that deficit
financing is not costing the taxpayer much. 0n4
may even take pride in the governments high
credit rating. But the picture is not complete un
less one takes into account the fact that the lack
of confidence among business men is in part re
sponsibe for the plethora of idle money and its
consequent cheapness to the prime user, namely,
the government.-Christian Science Monitor.
The times-news., 1938-12-31
BY JOHN L. FLYNN
NEA Scryfce. Stnr Correspondent

NbA StENtcS. S"h
IT is reported that the Securities
and Exchange Commission is
being called off" in its study of
The Trans-America Corporation.
The report is easily credited.
1t is said that every English
indian official has his pet Indian,
every German Nazi his pet Jew.
Every Democratic administration
since the Democrats began to
live on corporate denunciation-
has its favorite corporation.
Every New Dealer has his
pet economic royalist. And,
while the banks have heen pretty
generally badgered by the admin
istration, one great bank has found
itself singularly free. This is the
TranS-America Corporation, the
vast bank holding company which
spreads over California and into
other states, including New York.
The Trarls-America was we'll
favored. under Hoover. One Of
the oldest of the odd loans of the
RFC was not the 80 million dollar
loan to Vice President Dawes
bank, but the hundred million dol
lar loan to the Trans-America. I
was the biggest and most secret.
But when Hoover went out D
power, Mr.. Giannini, master o
this great Institution, turned VI
as an ardent friend of the New
Deal. And he has remained so t
this day.
Following the bank troubles o
the Hoover days, a great outer,
went up against the evils of hold
ing company banking, particular.
the kind in which the holding
company that ran the bank ais
The times-news., 1938-12-31

minister. "Work 1T out with your
God. But don't try to shift your
burden to innocent shoulders"
One theologian criticized my
article, and had a spirited argu-
ment about it with one OF my
friends.
"Do you mean to say" asked
nv friend, "that you would have
had that woman make a confes-
sion which would have wrecked
the life of her husband, and be-
smirched the name of her boy?"
eve should make our confes-
sions," declared the theologian
sententiously, "and let the conse-
quences be what they will"
But some time afterward the
daughter of that same theologian
got into the same predicament
that the woman had gotten into.
1 wonder how my critic feels now
about confessions in such mat
terS.
Once while / was attending a
meeting of a group which makes
much of confession among its
members, the dean of the local
ministers-a highly respected and
beloved old man-was asked to
make his confession. After he had
told of several insignificant cr-
The times-news., 1938-12-31
IVA EVASIVE

]. A. Krug told the joint congressional investi-
eating committee in Washington that the Tennes-
see Valley Authority would not accept Wendell !.
Wilkes proposal to leave it to the Securities and
Exchange Commission to establish the value of pri-
vate power companies as basis for selling. them,
says the New York Sun.
"This can be interpreted as meaning only that
IVA expects to carry out threats previously made
to Mr. Willke that it will destroy most of the value
of these properties by constructing competing plants
financed with federal money. 1t means also that
IVA has lodged showdown the fairness of its
intentions respecting the competition of private
companies"
In its very essence the Tennessee Valley Au-
thority is unfair competition 1t has spent exhorb-
tantly in the carrying forward of its policies These
include the policies of agencies which are related
to it. Mr. WiIlkie has said that if his companies
were relieved of taxes and license fees as the IVA
is they could and would sell electricity at much
lower rate The Twas effort TO answer that was
lame and halting.
The IVA is without shareholder of record, but
every American taxpayer has share in the losses
What the deficits really are has not been disclosed
but expert statisticians have said that the IVA
loses on the electric power it sells. That loss falls
upon the American taxpayers in the mass. If they
were aware of it, the East the Middle West and
the West would be bowling in Washington. The
prevailing political philosophy is that what the tax
payers don't know won't hurt them.
Not alone in the Willke proposal has the IVA
been evasive. 1t s perhaps the most artful dodger
among the abecedarian agencies. Washngton's au-
ditors have complained that records have been
withheld from them. The congressional committee
has been told that IVA minutes have been 'tdoc-
tored." 1t has been told other things about the
strange IVA methods. As long as federal funds
shall hold out, what care the spenders in the IVA
and in all other abecedarian agencies? What care
they whether legitimate business and industry are
hamstrung by unfair and unjust competition? What
voice has the sovereign state of Tennessee the
IVA areas? Is it not the fact that the IVA is a
federal province which pays no attention to Ten
nessee?-Charleston News and Courier.
The times-news., 1938-12-31
LIFE DAY BY DAY
By WICKES WAMBOLDT

rors, he said with smile, "And
that is all l am going to tell. l
have to live in this city"
Of course confession is a vital
factor in the growth and the
strength of the spiritual life; but
confession to whom?-to human
beings no better than you-if as
good-who may retail it all over
town and make your come back
that much harder?
And should confession be made
an Instrument of suffering and
destruction to innocent persons
Just because somebody has some
thing on his mind he wants to get
off it?
Confession to ones God, yes.
Freely and penitently. And to hu-
mans too, when good can come of
lit. But exposing ones misdeeds
wh%e exposure will do no good,
bdtt has no point.
The times-news., 1938-12-31
FRUITLAND,

FRUITLAND, Dec. 81. - Mr..
and Mrs. Ledfort Rogers and
children of Biltmore, visited his
parents, Mr.. and Mrs. R. M. Rog-
ers, Sunday.
Around 80 visitors called at
the home Of Mr.. and Mrs. Sam
Stepp on Christmas day. Among
them were Lely Stepp of Downs
vile, N. Y, L. E. Rogers Of Ashe-
Vile, and Mr.. and Mrs. Dolby
Lance of Brevard.
A large crowd visited Mr.. and
Mrs. Luke Sinclair Christmas day.
Neil Rogers visited Lee Pryor
Friday.
Mr.. and Mrs. Claude Lahning
and sons, J. C. and Thurlo of
Biltmore, spent Christmas with
Mr.. and Mrs. j. V. Grant.
Cecil Pryor of Asheville. visited
at the home of Jay Pryor Friday.
Dolby Lance, Andy Merrell, Eli
Ruth, Carroll Merrell and Roy
Stepp visited Addie Williams Of
Cane Creek Christmas night.
The times-news., 1938-12-31
, JOHN r. FLYNN

went IN Tor all SortS OF other puSl-
ness as well.
An argument can be made for
holding company banking. 1t is
not good argument but at least
If has some. substance in it. 1t
enables a single concern to op-
crate a number of unit banks IN
a wide variety of places, uniting
the benefits of central manage
ment with the benefits of the wild
est autonomy in local manage
ment But no argument can be
made for a holding company
which operates a lot of banks and
at the same time operates hotels,
real estate developments, life IN
surance companies, fire insurance
companies and a score OF other
enterprises as well. This Is what
the Trans-America Corporation
does and not one finger has been
raised by banking authorities to
correct this sort Of thing.
But the SEC did raise a hnger.
It found in its investment trus,
| investigation an investment trust
! hidden away among the compii-
Gated assets of the Trans-Amerlca.
But investigating that investment
I trust without investigating the
banks and all the other corporate
padeets of Trans-America was I'M
possible, just as investigating d
bank held up by a holding COM
pany is almost impossible.
AT this point the SEC proceeded
to investigate the holding COM
pany. But apparently it was
reckoning without the McAdoos
and ,OConnors and other Demo-
cratic politicians in Callfornla
But they could not call OF the
SEC. ~ a;a
The question then is-who did
!, it?
'i'frongrirhf. 1913. NEA Service. Incl
The times-news., 1938-12-31
BARKER HEIGHTS
RARKER HEIGHTS, Dec. 3

BARKER HElIf1lS ., Dec. o. :.
Mr., and Mrs. Cecil Smith and
son of Spindale were recent
guests of Mrs. Emma Justice.
Averett and Will Connor, stu
dents of Florida Bible institute,
visited friends this week in Bar
ker Heights.
Mr.. and Mrs. Ralph Goforth of
Canton spent the holidays here
with the formers parents.
Mr.. and Mrs. General Gilbert
of Hoopers Creek have purchased
"a home in this .sectioni and are
now@Fesiding here. j. '."' . -
. Mr.. and Mrs. Leonard Nelson
visited with the latter's mother,
Mrs. Emma McCarson, and at
tended a Christmas program Sun
day night at Jones Gap church.
Mr.. and Mrs. Hubert Stepp
have visiting them the formers
brother, Jason Stepp, of Jackson
vile, Fla.
Rev. Blythe Hill of Tuxedo
will preach Sunday night at Bar
ker Heights church at 1880
o'clock.
The Christmas program at this
church, given Saturday night un-
der the direction of Miss Bertha
Lon Stepp, was very well render;
ed. Mr.. Stonecipher of Hender-
sonville is superintendent of the
Sunday school.
Mr.. and Mrs. J. Pack of Hick-
ory spent Christmas with theil
daughter, Mrs. Herman Justice.
Mrs. Claudia Stepp of Cataw'
ba, N. c., spent Christmas with
Mr.. and Mrs. E. E. Ruff.
Mrs. Lottic Hyder and daugh,
ters, Misses Edna, Dorothy and
Vaudie, also Mr.. and Mrs. Elmer
The times-news., 1938-12-31
Tax Quiz Opens
Louiisiana's Old
Political Sore
Evasion Complaint Against
Two Ex-Lieutenants of
Late Huey Long

NEW ORLEANS, Dec. 81. -
(UP).-An old wound in Youis-
lana politics was reopened with
the subpoenaing of witnesses for
hearing of income tax evaslons
against two former lieutenants OF
the late Huey P. Long.
They were Abe L. Shushan and
Seymour Weiss - both powerful
figures in Louisiana finance and
politics. To Weiss shoulders, aft
er Long was shot in one of the
pink corridors of his skyscraper
capitol at Baton Rouge, fell one
third of the power with which he
had ruled this state. The other
two members of the triumvirate
who have kept Longs machine in
tact are Governor Richard w.
Leche and Mayor Robert S. Mae
stri of New Orleans.
And it was Weiss who told
Brig.-Gen. Samuel Ansell, attor-
ney for a senatorial committee
investigating Senator John II.
Overton's campaign expenditures
in 1888: That's my own busl-
ness"
Both Shushan and Weiss were
freed of criminal charges in the
Second Louisiana purchase case"
Shushan, the only one of Longs
lieutenants ever brought to trial
I was acquitted of not paying taxes
on a S56O,O00 income over five
year period. He testified that he
was "merely handling party
funds"
Charges against Weiss were
dropped in May, 1886. L. S. At
torney Rene A. Viosca recon-
mended to Judge Wayne &. Borah
that the remaining cases be nolle
pressed. Borah wordlessly nodded
his head and the federal govern
ment washed its hands of the
eases.
Postmaster-General James A.
Farley was quoted as saying II
am sure that the situation IN
Louisiana will work out TO the
satisfaction of the federal and
state administration"
From that sprang the cry OF
Longs political enemies, "the
second Louisiana purchase"
State Senator Joe Fisher paid
the highest price of any of those
indicted. He was sentenced to
serve IS months in the federal
penitentiary at Atlanta and re-
fused to appeal the case. A few
others, under civil charges, We're
fined amounts ranging from 500
to $500.
Treasury agents worked from
1929 to 1888 on office files. bank
records and interviews that in
volved the Long dictatorship from
the poorest Bayou precincts to
expenditures of millions for road
building.
"Big Mike" Moss, head of an
insurance company that smashed,
was credited with warming the
| cold trail. Brought from the Sc
,clusion of his Arizona ranch un-
der heavy protection to testify,
Moss returned Immediately after
he had appeared before a grand
jury. -',.t, -, ~. -
Not all Of those the grand jury
indicted were Long men-some
were his enemies, some Long did
not even know. "
Shortly after the case was clos
ed, the federal money which had
been withheld while. long ruled
! the state, began to flow in.
Leche, who occupied a state
court of appeals bench, was "glad
to get back" and become gov
ernor.
The times-news., 1938-12-31

was not hef nus
bands child, and
that she felt she
must confess the
matter to her
husband.
Her minister
advised her to
do nothing of
the kind. ".But, "
said the woman,
81 am so miser-
able with this Sc
cret locked up in
my breast!"
"Let that, then.
be the punish.
ment for your
sin y renlied The
The times-news., 1938-12-31
BIBLE THOUGHT
HAPPY NEW YEAR!

upsaved friend, you may speak of "A Happy
New Year" and others may give you their greet
;os p,+ ,,arIr this. A Christless New Year cannot
be Happy New Year.
Art thou still saying with the multitudes-
I'VE will not have this to reign
over us (Luke 19:14O
Oh do not be offended. We seek your eternal
baapiness Christ waiteth now. Wilt thou trust
Him and be saved forever? (Aets 1881; John
6.37-W, Shaw in Home Eyangel .a.
The times-news., 1938-12-31
INTELLIGENCE AND
CONFESSION

Some time ago in this column
1 recited the true story of a wo-
man who sent for her preacher
and told him that her little boy
The times-news., 1938-12-31

More than $4,000 allied mines,
constituting a danger to peace
time shipping, were removed from
the sea following the Armistice.
The times-news., 1938-12-31

MeerSchaum. IN. wait, u.
used in the famous nine, ",.'.i ~ 4.
same name. is mined .pr;r.:.,t y: z
in Asia Minor. "'4'-y
The times-news., 1938-12-31

Abandoned since 1850, La Purisima mis-
sion in California is now being restored.
The Washington times., 1938-01-20
] 5E||Il4S

haven of peace and understand
ing 70 he looks forward to his
hours at home?
8. Are you careful to let him
feel important in his own homer
Z. Do you belittle, contradict
or ridicule him In public?
8. Have your meals become
routine so that they offer no
delightful and appetizing sur.
prises2
Q. Are you tactful in handling
near relations, keeping them
from interfering without
antagonizing them?
10. Do YOU nag, complain,
criticize, scold--. compare him
unfavorably to more successful
men? Are you careless or
extravagant with his money?
ANSWERS on Page l7I
The Washington times., 1938-01-20

Are you a model wife? Test
yourself on the questions below.
/. Do you try to interfere Of
run your husbands busiress2
2. Do you try to keep your
self mentally alert and up-to-
date 50 you can discuss current
topics and books with him In.
stead of what the maid or neigh
Dor said2
8. DO you try to understand
his business so you can discuss
it and offer little practical ad-
vice in such a way that he feels
he is just thinking out loud ana
thought Of the solution him
self?
4. Are you careful about your
appearance. keeping yourself rs
neat, attractive and appealing
as when he was courting YOU?
S. Do YOU make the house q
The Washington times., 1938-01-20
CardOzO Seniors
To Present Play

As a feature Of their class night
exercise, the mid-year graduating
class ct Cardozo High School will
present Spreading the News" q
play by Lady Gregory. in the
school auditorium tomorrow eve
ming at 8 o'clock.
The play is directed by Miss
Helen Sparks, Of the faculty and
the cast will include william
Barnes, John Allen, George Clark,
James Hargrove, Kelly Edwards,
Earl Coleman, CordeliP Dicker.
son, Doris Eel and Pauline Ford.
The Washington times., 1938-01-20
You'll have
more funwhen
clear
fromWITHIN.

NTO man or woman wants to have a
IN finger Poked at them or receive
sympathy because of an unhealthy skin
appearance.
Some skin troubles are tough to cor
rect, but we do know this-Skin tissues
like the body itself must be fed from
within.
To make the food we eat available
for strength and energy. there must be
an abundance of red-bIood-cells.
S.S.S. Tonic builds these precious
red cells. 1t is simple, internal remedy,
tested for generations and also proven
by scientific research.
You, too, will want to take S.S.S.
Tonic 10 regain and to maintain your
red blood cells. to restore lost weight
...t to regain energy. to strengthen
nerves e. and to give to your skin that
natural health glow.
Take the SS.S. Tonic treatment and
shortly you should be delighted with
the way you feel -. and have your
friends compliment you on the way you
look. Available at any drug store.
The Washington times., 1938-01-20
dean COMFORTS
I'LL Wife,; FAST
STILL UNBROKEN
Rev. Noe Is Unchanged
In Spiritual Purge

MEMPHIS, Tenn, Jan. 20
U.N.SJ.-Entering the nineteenth
day of his fast in an effort to
prove that man can live by
spiritual food alone, the very Rev
israel Harding Noe, dean Of St
Mary's Cathedral, remained by
the bedside of his wife today.
Mrs. Noe was ordered to remain
In bed to prevent further faintins
spells such as the one suffered
Tuesday night. Her illness, which
caused the dean to cancel plans
to attend the diocesan convention
| in Knoxville, was ascribed by her
physicians to high-blood pressure
and worry over her husbands con-
dition.
DEAN NO WEAKER
The dean himself seemed but
very little, if any, weaker today
as he entered the nineteenth day
of his fast. AS all cathedral SER
vices were cancelled this week, due
to the Knoxville convention, he
failed to receive the wafer and sip
of wine of Communion, the only
form of food that has passed his
lips since his fast began.
DR.. Noe had no comment TO
make regarding the decision OF the
Knoxville convention to call Spe.
cial election to name a bishop co
adjutor for this diocese.
SYMPATHY SHOWN
Telegrsms Of regret over news
of Mrs. Noes illness continued to
pour in here today. Many Of
them expressed sorrow over the
deans inability to attend the
Knoxville convention.
The Washington times., 1938-01-20
$500 CHILDREN.
FACE LOSS OF.
FREE LUNCHES.
No Funds to Carry On
After Wednesday

Lunchless school days face
5000 Washington children after
next wednesday.
Advised of this at its regular
meeting. the Board of Education
agreed the problem was not an
educational" one, but was ur1ani.
nous in resolving that the Dis
trict Commissioners be formally
advised to take such steps as they
think necessary.
Commissioner Melvin c. Hazen
indicated the matter will be taken
up by the Commissioners tomor,
row. but added:
The District does not have a
cent which we could apply to
the program"
Commissioner Hazen also said
he didn't believe the CommiS-
Sioners should ask Congress for
a deficiency appropriation with.
out q specific recommendation
from the Board of Education.
$4,000 NEEDED
Mrs. John Boyle, jr., chairman
Of the Citizens Permanent Com,
mittee in charge of feeding the
school children, asked the Board
of Education to make such a
recommendation yesterday, but
her request was met with the
argument that providing free
lunches for school children did
not constitute one Of the boards
functions.
Meanwhile, a generous Wash
ington woman, who asked Mrs.
Boyce to withhold her name,
placed 25,600 half-pints of milk
on deposit for the Citizens Com
mittee at a local dairy.
without this gift we would
have had to stop serving milk
Monday" Mrs. Boyle said. 1--WE
have enough surplus food to last
through Wednesday, but the
children will be deprived OF
bread and butter Monday unless
someone comes to their rescue"
Mrs. Boyle today asked for vol
untary contributions OF funds to
purchase food necessary to feed
the children through the 94 school
days remaining. She estimated the
per diem cost at 1854 and put the
total amount needed at $34, ,2l6.
Mrs. Mary Steele called atten-
ton to the fact that II the
lunches are stopped, 200 women
heads of familieS-wiu be thrown
out of employment.
The Board Of Education voted
Mrs. Boyle an expression OF graft
tude for the way in which she
has handled the free lunch pro
gram to date.
Mrs. Boyle asked that the Board
request the Commissioners to ask
for $34,000-"an estimate based on
the closest counting possible"
WPA MUST QUIT
Advised of the inability of the
Citizens Permanent Committee to
carry on, officials Of the Works
Progress Administration, which
furnishes the labor for the pro.
gram, met last night in the office
of Director otto J. Cass. At the
end of this session. Mrs. Mary
Steele, director Of professional
and women'S WPA projects, an
nounced:
I'VE are left no alternative.
We know the need is very great,
but we will have to close down
after the current supply Of food
is exhausted. We have counted
it most closely, and decided we
can provide lunches through
next Wednesday,"
The Washington times., 1938-01-20
ThrOat Raw?
Catching Cold?

0aCsle with zonits-1 teaspoon Of zonlsA n
than any other popular, non poisonous 0niS.
sspttei Standard laboratory tests proVs this.
Zorite destroys all kinds Of cold germs-of
contact And IL soothes your throat At the
same time. You can TASTE and a0udIlv feel
Z0nittS medicinal e6eci Right away, youP
throat feels better. Get Zonibe OF your dfIiN-
gist's toddvi Gargle at orce and start killing
the cold germs In your throat. WGrO poSiIsSs
thdt Zontts'S quick FesuHS UtU pleoSe vOW.
The Washington times., 1938-01-20
CITIZENS TO DANCE

ALEXANDRIA, va., Jan. 20.
The North Ridge Citizens Associa.
ton will stage q dance for mem.
berS only at 0adsby's Tavern sat.
urday, starting at 9 p. M, Ridgely
c. Dorsey, committee chairman,
announced today.
The Washington times., 1938-01-20
FRUIT IMPORTS HIGH

Forty million pounds of fruits
and vegetables enter New York
every year from Central and South
America. Europe and Africa.
The Washington times., 1938-01-20
JU-JUTSU CHINESE

Ju-jutsu was originally imported
from China, but the japanese have
modified it greatly during the
course of centuries.
The Washington times., 1938-01-20
MEDICAL FORUM

Medical care and specialization
of medicine will be discussed at a
forum Of the Medical Society of
the District at 8 o, m,