The Cedarville Herald, Volume 56, Numbers 1-26

t CEDAKV1US HERALD. FRIDAY, MARCH 17, 19S8. THE CEDARV I LLE HERALD K * i M BU uT — — — BD1TOR AND PUBLISHER m n w T fallm l M kw U l A m e .; 0W « K m » u « f A u oc.; Mlxai Vallsy l’n ia A moc . Colored at the Poet Oftltto- Cedarville, Ohio, October 31 ,1887 , a i on* B ond claaa n atter, _ _ _ _ ' " FRIDAY, MARCH 17, 1933 ____________ ^____| THE PRESIDENT AND ECONOMY PROGRAM President Roosevelt has the admiration of the country for the manner in which he has taken control of congress. During the past sixteen years Wilson, Harding, Coolidge and Hoover have had their troubles with congress, especially the dignifk 1 Senate that operates under age old rules that caused Charles G. Dawes, while vice president, to expand his vocabulary and demand modern rules of procedure. This angered .the wise Senators and from that date on they did not wish any of his ad­ vice. Judging from past performance what a Senator does not know it is not for any one else to know. With this attitude, the upper body has been a thorn in the flesh of at least the four past presidents. It will be recalled Theodore Roosevelt had a mix- up with Congress and it was then that the "B ig Stick” became a part of our history. He knew how and when to use it on un- rully members of congress. Franklin Roosevelt from the start took no chances and has been able to hold both houses in line, and on most issues has had loyal support of Republican members. The President has won strong praise from all classes of citizens and business for the manner in which he has handled the bank situation. He asked for a big reduction in government overhead to balance the budget eVen to a reduction of 15 per cent in the salaries of congressmen. In his economy plan he includeds reductions of payments to veterans. The House gave his request support hut a few members hid behind the veterans to check the fifteen per cent salary cut for themselves. He asked for support and the beer bill was passed by the House with a vote of 316 to 97 to get the estimated $150,000,000 tax revenue. The Senate will no doubt pass the bill but it is a hard pill for the Senators to take orders. The dry solid south in the vote joined with the wet;east, Republican and Democrat to pasd the beer bill. There is yet major legislation to come governing banks and then emergency farm relief. The country wanted ac­ tion and leadership and Congress is taking orders to do it. A PATRIOTIC NATION RESPONDS When,the government of the greatest nation on earth faces crisis and a call of patriotism is issued such as was broadcast by President Rorsevelt calling for the return of hoarded gold bullion, gold coin and gold certificates, there was almost instant response. Millions in gold and gold certificates had gone into hiding and these same millions are now back where the credit of the country can benefit by it. In addition many millions of gold coins and gold certificates as keepsakes were turned in in . answer to the call. The average citizen loves his country and is ready at all times to come to its aid in times of need, whether over internal problems or foreign invasion. We live under a democracy that guarantees the individual more freedom than any other nation and recognize certain laws are necessary for the preservation not only of the government but our property and the freedom guaranteed us. The financial situation was so critical, drastic means were necessary to convince the public that hoarded gold must be-returned to the government. The time limit for this return is today, March 17. Corporations or individuals that do not surrender their gold will face a costly penalty by fine twice the sum of the gold’s value. Banks are compelled to report to the government those known to be holding gold if it is not re­ turned by today. Not only the millionaire but the citizen in moderate cir- • cumstances that has held gold have in most cases answered the call and turned it over to the government through the banks,’ which are not permitted to pass out gold coin, bullion or gold certificates. . No better proof is necessary that confidence has returned and that instead of drifting as we have been doing the past year or more, we are now headed for a general improve­ ment of business. keep people from going hysterical, it meet the demand. The security back will be worth while. " 1 C nym 'nnr"—HUEP" Today, March 17th, is potato day. When St. Patrick’s Day appears it is near garden time. The first day o f spring by the calendar is Wednesday, March 22. Regardless o f these early signs of spring, birds and bees, we may be this year as in other years given another ci at of snow and a few freezes, but according to signs, the moon and official dating, today iB the day to plant at least a few potatoes. Monday the,temperature stood at 63 degrees. Tuesday morning early it was 58 degrees, the night being by far the wannest of the year. What finer spring day .would you want than Tuesday. .. The Madison County Taxpayers’ as­ sociation has gone on record as favor­ ing a 20 per cent reduction in all real estate tax valuations, land and town property,, in as much as real estate is listed fo r taxation for more than ac­ tual value-under present -conditions. The resolution says renti 1 values hay­ ing declined for farms and town prop­ erty, owners cannot pay their taxes. The same proposition has been men­ tioned in these columns for Greene county as a means of relief for land and home owners/ .Last year County Auditor James J. Curlett secured a re­ duction of ten per cent and we think such action on his part again this year will meet with the hearty approval of. taxpayers in general. Mr. Curlett has „aken conditions into consideration and fully realizes what property own­ ers face.- In our judgment he can be .rusted again to carry out the wishes of the taxpayers. However any plan ne formulates must' be approved by the State Tax Commission. o f the money on deposit is more than ample to repay depositors dollar for dollar. But it cannot he paid until borrowers repay the loans or other people make deposits. Everything will come out in the wash and the de­ positors ir either case who are pa­ tient and do not close out their deposit accounts at a discount will reap the inevitable reward. —Franklin Star. If you keep a diary you can mark up Saturday, March II , as ’’Black Sat­ urday.” It will go down in history as one o f ’ the “darkest” business days in the history o f the nation. The Civil or World War never had ub de­ pressing effect on business as had the “ bank holiday.” It seemed to be at its worst that day. Business was ati ----------— i a standstill over the country. Money1 Col- Leonard P. Ayres, noted econ -! was hard to get. There was yet somejomist and banker, Cleveland, says th e1 uncertainty o f the bank situation but whole banking system of the nation i by Monday things looked brighter and ineeds revamping and may' emerge with the opening o f banks there is a from what we have experienced, Sev- general feeling that we have not only touched bottom in the depression but are on it and will no doubt be there for a time until things get leveled. Once on the bottom there iB no place to go but upwards, and that time wifi come with the passing o f days, when no man can promise. Neither can any man promise the golden days o f 27- 28-29. When men get back to work there is going to be greater consump­ tion in every line, and this will bring better prices to farmers. No doubt California checked up March 11 as “ Black Saturday” , fol- owing the destructive earthquake of the night previous and that day. The loss o f life and great numbers injured with property loss amounting to mil­ lions must nave had a depressing af­ fect on that state. The whole nation extends sympathy. Earthquakes are nothing new to that country but this is worst since 1906 when San Francis­ co was rocked and given a baptism of fire. California is a great state and the courage o f her citizens to rebuild cannot be over estimated. A TIP FOR THE LOOSE-TONGUED From many towns and cities comes reports of wreckless statements being circulated concerning various financial insti­ tutions. The story may not intentionally be told to do any harm but may lead to serious trouble as it passes from one to another. The Cincinnati Enquirer speaks out plainly on this subject and quotes part of the/law governing such reports: . “ In times or depression or financial stress the malicious and some-times the innocent tongue of scandal or gossip pre­ cipitates disaster. An apparently innocent anti harmless rumor once set in circulation grows in importance and distortion with each repetition until it assumes such apparent verity and pro­ portion as to menace or even destroy sound financial structures. “In this period it is well for the loose-tongued to take stock of their conversation. In the best interest of such persons it cer­ tainly is not amiss to quote from the Ohio General Code; Sec­ tion 13383-1. “Whoever, directly or indirectly, willfully and knowingly makes or transmits to another, or circulates, or counsels, aids, procures, or induces another to make, transmit, or circulate, any false or untrue statement, rumor or suggestion derogatory to the financial condition, solvency or financial standing of any bank, savings bank, banking association, building and loan as­ sociation or trust company, doing business in this state, * * * * shall be fined not more than one thousand dollars or imprisoned in the penitentiary not more than two years, or both,” DON’T DELAY ACTION ANY LONGER “Silver should have been remonetized before the panic,” said a western mining journal recently. “ (Then there would have been no panic.) . . . To delay action now is nothing short of criminal.” This may be a little far fetched, but there is a large element of truth in i t .' Depressed silver prices are a great factor in pro­ longing general depression— a fact realized by thousands of our foremost economists and business men. Cheap silver has almost destroyed foreign trade and thrown the monetary systems of the world into confusion. There should be quick action to find ways and means of bringing silver back. It can be done without the nation leaving the gold standard, it will be done or our foreign trade is gone forever and the highest tariff wall will not keep out foreign made goods, Iii the mind of many business executives we must have mor,e silver dollars coined and put into circulation. This will stop ail bank runs. Give the excited depositor a sack of $500 in silver aaJ* he cannot refuse it. Luggijng that bulk and weight around Will make many a man or woman hesitate before giving in to the influence of wild hysterical reports. It has not been more than twenty years ago that this paper along with others joined m a campaign with the bankers to urge the people to insist on more doHar currency. In those days there were few dollar bills and the. shipment of silver dollars was expensive with express and insurance. It may be a good thing if banks carried more silver dollars for emergencies. Atlee Pomerene, Democrat, whom former President Hoover named as chairman of the Refinance Corpora­ tion, lets out a howl about the publi­ cation of banks and corporations se­ aring government loans. 'He says the publication of such loans has “ almost counteracted all the good we had been able to do.” There are two sides to the publication proposition. Under ordi­ nary circumstances we would not fav- jr making public such, loans. In this case the public had lost confidence in the R. F. C. There was suspicion of favoritism on every hand.- Then con­ gress provided for publication and the suspicion was- justified and. more too. ■No doubt great damage was done not a few banks for competitors would use .he loan as a means of running down a bank. The Chairman must not over »ook the fact that-the American people had good reason to distrust the past administration and most o f its acts, It is not often that the light of pub iicity does general harm in govern­ mental acts o f interest to all of the people. Both California and Florida contest in a friendly manner to secure winter tourist business. Each has many attractions to boast of. There is Cal­ ifornia sunshine. Florida has one or two cities that boast o f sunshine ^each day o f the year. Both states have the orange business and citrus fruits of all kinds. Both are on the coast and exposed to the elements such as can be expected. California may have an occasional earthquake but Florida has had occasional tidal waves, so one I has little on the other. Both states | have thousands o f residents from over | the nation that have located owing to i the ideal weather. California must j be on a shelf that overhangs the Pa- j cific ocean that is easily rocked when! Mother Earth has a nervous fit. ] Florida is built on a strip of coral j formation much like a sponge. Greene j county may not have California or] Florida weather but where is a better twelve-month place to live. No bet­ ter foundation for a house than a- round Cedarville underlaid with that famous old limestone formation that has never yet been subject to earth­ quake or floods. . And ex-Cedarvil- lians in California and Florida, wifi not go back on the old .“ burg.” Publicity might be cited too by Mr. Pomerene from another angle. With banks facing heavy withdrawals by depositors, which brought about the bank holiday,” gold and. gold certifi cates being into hoarding; it took but ,i few minims to make decision for such a drastic step: Publicity was re­ sorted to by the .newspapers and by government officials over the radio. This time it was publicity in an en­ deavor to appease a nervous public, Then came the call for return of all horded gold and gold certificates, was publicity that brought results and millions in gold went back to the pub­ lic treasury where it rightfully be­ longs under a gold standard. To get this gold and make the people con­ scious that the government meant business, a dead line was set, after which bankers were expected to re­ port the names of those who had with­ drawn, and .the government was penalize all such borders by making their names public. We wonder what Mr. Pomeren’s attitude to such pub­ licity might be? Recent revelations o f how certain Wall Street Banks have been operated; how worthless foreign bonds were worked off on the public; how indifferent the past ad ministration had been towards the future wellfare of the people, is cer­ tain proof that more and not less pub­ licity is needed on Wall Street bank­ ing institutions and how they have in the past held a directing hand over the government. HOW ABOUT YOUR CHIMNEY— IS IT SAFE? “How is your chimney?” Several recent fires in this section 8aid to have been caused by defective chim- heys. This leads to the above question. How many ever have their chimneys examined for their own protection ? A defective chimney is a dangerous thing. Even if your house is insured you cannot afford to take the chance. Each crack m a chimney gets larger year by year. If one happens to be concealed between the ceilings and floors or attic you have a good fire trap. Soot in chimneys often takes fire and is drawn out the cracks thus starting a fire. Fire insurance seldom ever covers a complete fire loss, so a few dollars spent on repair will no doubt save your home and probably one or more lives. eral plans o f guaranteed bank deposits have been proposed but none o f them have yet impressed either -the public having needs o f banking services or the bankers. It .Is one of the biggest problems the nation has been called upon to solve. Col, Ayres, who is one o f the most conservative bankers in the country thinks we will have one central bank of the United States, with the present 12 reserve banks as branches. He even goes so far as to urge changes in the Federal hank sys­ tem and in our money itself. His idea is to prevent just what the nation has experienced the past two years. It js certain investment and trust associate companies will soon be divorced from the commercial institutions. He says oanks will in the future have to be held down on loans on land, for the experience o f the past two years has ] proven banks-cannot be held liquid and loaded with land mortgages. The same must be said o f industrial stocks and corporate bonds. Along this same fine o f thought and what banks may In the future be required to do, it is just as certain that building and loans; must give up their end of the banking business and remain in the. field of loans on homes and farms. Guaranteed bank deposits will bring with it many changes in our banking system. Some of the present and past free service will have to be dropped. There may be some service the depositor will have to pay for and after what we have just experienced such charges, within rea­ son, would he acceptable to the bank­ ing public. ■ WOOL m l am buying WOOL againfthis, year for Patterson & Com­ pany and will pay Highest Market Prices. Please call or see me when re^idy to sell. Grass Seeds of All Kinds Come in and see our SEED and GET OUR PRICES CORN CORN I am Buying CORN and will trade your Corn. See me or call SEED or COAL for C.L.McGuinn CASH STORE TELEPHONE— 3 South Miller St. Cedarville, O. 2 teJ - HtiRSES &COWS __ O F iS I Z E R everse P hone C harges MAIN OFFICE "Columbus, Ohio .G.Buchsieb.inc. c a l l . IREENE COUNTY FERTILIZER , Tel. 810, Xenia, O.-. S 3 PAY’ Extra V A LU E S T i r e s f o t t e COURIER ty p e ' > 1 3 In speaking o f the bank holiday, the bank reorganizations, issuance of new currency to take the place of the gold and gold certificates, we believe the new currency issue is best after all. If it was not this it was script, the most dangerous form o f inflation. We stood face to face with a national script, a script to be 'issued by cities and in all probability o f states. It is certain this nation stands only for the gold standard and sound money, and Pres­ ident Roosevelt has without doubt won the confidence of everyone on that issue. The Ohio State Journal, Republican, in discussing the new kind of currency gives a very sensible ans­ wer to the gold standard problem at present when it says “ As long as the new currency will purchase the same ..mount as a corresponding gold cir- tificate of the same denomination, we arc.on the gold standard. It is certain the country wants no more experience o f what we have had. If keeping the gold and gold certificates under gov­ ernment control in Washington will From all indications it looks like we are to have genuine 3.2 beer before! April 1, All-fool’s day. Beer was on the program before Christmas but] the plans did not work out that way.] Many states have already repealed all] state enforcement acts and Ohio has] a program for the same. Tuesday the j 3,2 beer bill passed the lower branch j o f Congress -by a vote of 316 to 97,! which was probably as much o f a sur- j prise to the wets as the drys. The- Senate is to pass the bill by Saturday j and beer becomes legal fifteen days] later. Thirteen years ago prohibition! went into effect. Many things have; happened since then. There probably] was more change in public sentiment during 1932 than any or all of the! pas^ thirteen years. With men and! women fighting desperately to feed] their families and retain their homes’ or farms; ten or twelve million un-j employed ifi the country; business in j the depts of A great depression that has developed into a panic, it is little ! wonder the dry forces have disinter-; grated and the public in a receptive; mood for any kind o f a change. Under j the proposed federal law states that] do not desire repeal, which Is now be-1 fore the electors through conventions, • will have federal protection. The big-j gest load the prohibition movement j has had to carry was the kind and ; manner of both state and federal en-l forcement. With politicians picking! the enforcement officers, most of the’ millions spent for enforcement was] a waste of public funds. It cost over! $500,000 to get the famous Wicker-, sham report, which gfive a verdict for! each side, the wets and the drys. j In spite o f the difficult situation in] which we all find ourselves today, we,* believe that the great majority ofi banks are sound and in a more liquid i condition than they have been for m long time. Of course, the banking; ' business cannot function if called up -: on to satisfy with currency a concert*] ed demand by depositors for with-j dr&wai o f all their funds on deposit atj one time. The restrictions, therefore,1 that had been placed on withdrawals, by banks in an increasing number of States, and President Roosevelt’s j drastic four-day holiday on all banks ' that followed* were necessary to pre- J serve their liquid positions and protect! all their depositors against the pres-j ent hysteria which has grown out, ofi lack of confidence bred by theclosing! of certain o f tho weaker banks. This! is also true o f the Building and Loan Associations. The money of deposi­ tors has been loaned to home owners on mortgage, I f ail the depositors seek to withdraw their money at one time no building an j loan association could GUM-DIPPED CORDS Tho Firoslono patented Gum -D ip - - ~ ping process transforms the cotton cords into a strong, tough,, sinewy unit.' Liquid rubber penetrates every cord and coats every fiber, guarding against In­ ternal friction and neat, greatly increas­ ing the strength of the cord body, and giving longer tire life. TWO EXTRA GUM-DIPPED CORD -PLIES UNDER THE TREAD This is a patented construction, and the- two extra Gum -Dipped cord plies are so placed that you get 5 6 % stronger bond between tread and ciord body,1 and tests show 2 6 % greater protection against punctures and blowouts. It sett a new standard for tire performance: on high speed cars. _______ MON-SKID TREAD E A CH WHEN BOUGHT ■ /,. IN PAIRS 3 0 x 3 * Gl. s e n t in e l type 3 49 B A C H ■ when ■ SOUGHT- • . , . • Ihj P^IBS fi.AO-.2i Tiresfonc .. OLDFIELD TYPE ] ; ; ' Tough, live rubber specially compound­ ed for long, slow wear. Scientifically designed non-skid gives greater trac­ tion and tafo, quiet performance. 4 • EACH ■' B O u||f • INpAlitS fi.fiO - 21 COMPARE CONSTRUCT ION , QUA L I T Y and PR ICE I Cm TV* ftwiM* OldMS 1m Cnhrric* Etcli - Ownobl C b em ta t. C h n n b t SSKL*: I n l d a t . i tm 'i b . Chandler P * S * t* _ D odge.__ D u ran t.. C r. Paige Pantlae_ BOOMTelt WlUra-K. a---- Nath— __ Keeea____ N u ll___ OUa’blle , OulekM. Chevrolet Olda’bUe , Dulelt____ 4.40-21 4.50-20 4.50-21 4.75-19 4.75- 20 • 4 .7 9 5 -3 5 5 .4 3 Flrotme OldMd Tim* Cub flic* P«t Pair 45.30 10.33 10.54 ecu Undtncon JSeaVjrDutjL rVatten* 0I41W4 TW» Calk Prka Ee n Flraitona Oldfeld Typa Cam Pile* Pa, Pair it 0 .3 3 1 1 .3 2 .4 3 1 3 .4 0 0 .0 5 1 3 .9 0 5.00-21 5.25-18 5.25-21 14.00 XS.03 Slu’b’k’r Auburn.— ordan. eo____ Stu’b’k’r Gardner. Marmon. Oakland. Peerleea Chrysler. Stu’b’k’r Viking— Stu’b V r Franklin Hudaon — Hup'blle. L aS alle. Packard.. Fierce A. B nlek____ Pierce A, Stuta— Cadillac. Lincoln— Packard.. 5.50-18 0 0 .3 5 0 1 0 .3 0 5.50-19 0 .4 0 1 0 .4 0 6.00-18 30.05 30.00 6.00- 19 10.35 31.04 6 . 00 - 20 6 . 00-21 6 . 00-22 6.50-19 6.50-20 7.00-20 Track and Bas Tires 1 TInSIn Heavy Duty FTrestono Oldfield Typ« Cuh Prtco Each FfreitoML | owrdd ' Typo j CoshPrfco F m Pott | 30x5 ___ 015.35 039.74 32x6.__ 30.50 51.00 34x7.™.. 3 0 .4 0 7 0 .0 0 36x8...... 51.05 100.30 6.00-20 11.65 33.60 6.50-20 15.50 30.00 7.50-20 36.45 51.00 9.00-20 40.50 90.40 9.75-20 61.65 130.00 W .01 T f r c G t o n e COURIER TYPE sue O ut Cosh Pttet tcib ♦Spcclol ftfendMail Ordot Tiro PHrn Fatt» Our Cash Prtco ParPair 4.40-21..... * 3 . 1 0 $ 3 .10 $ 5 .9 0 4.SO-21..... 3 . 5 5 3.5S 0 .9 0 4 . 73 - W .„. 3 .9 0 3 .9 8 7 . 0 s Cl* 3 .0 9 2.8 9 5 . 7 s •FIRESTONE do not rannufac- turo tin's imdpf special brand names for mail order houses und otliers to distribute. Special Brand 'i ires are made wilhout the manufacturer's name. They are sold wit lion S bin gur*ranleo or restHuisibSHly for service. Every I'.iestonc Tiro bears tho Eire-’ -;o name i mi ! ’ i»:*a'i-’ iiiy Diet i •• - *i«nfl order i i i v - sue t ■' ? f o e $ t o n e SENTINEL TYPE size Our CamPried fsj) 4.40-21 . •3*59 4.50-21 .. 3*95 4.75-19 .. 4*63 5.00-19.. 4*05 5.25-21 5*90 ♦Spaml BrofblMail Oulflf Tff» Pit-0 I vh 63.59“ 3.93 4.63 4.8.1 5.98 0C? - fjtnhPrftf PcfPi U « 3 .93 7 .0 6 9 .00 9 .4 4 13.04 Othrr Sl»i» P rofit,ii»sr.t,Ir |.„m RALPH WOLFORD Local and Mr. 0 . II. .-ii-*i, j ill fur t-evetal v.ux improving to at Rev. Dun R. ]- atjs semturv of 1 in League, v.-H i;;i .... Presbyterian < ing. Mr. Kenneth Lie derwent an emerge! the McClellan hog Mr. Frank .Rngh Watt farm on the Ye Mrs. I,ula Wan, . ley o f this ).luu-. Mi Mrs, Frel Krvm Hawkins, Xenia art- in Franklin vi uting Stringharn, ceb-brati birthday. Mrs, E. C. ()gi,.s several days suffer trouble. Mr. George Martin the R. B. Barber ft an Max Evans, the ei of Mr. and Mrs, Rob, went an operation i Madden and Shields, He has been suif trouble for several ported much improv Mrs. Merle Stornu ported on the sick 1 Mrs. Chester -Lyon an operation at the hospital several wet! to return home sever; Mrs. Chester Pre-: went an operation a Hospital, Xenia, last greatly improved. Mrs., W. B. Corn? be in- attendance at vention in session a Corry represents the- ter. The Township Tru other shipment of R yesterday-to be distri unemployed. •Mrs. Hugh Turnbui members of the Ken: a number of guests a' mothey, Mrs. George day afternoon. Season W h a t e v e r y Evidently th which fashion aim coming months. It through multi-color the gay spring el> on style parade. X do better tlmn dt and age are d<>in producing unexpi i tliugly beautiful < You get the l>i the new tailoreu which combine stripes with bn : instance, an eti- worked out with In green, nm l b bluing witb i weave, oilier e< contrasts cmild bt dreds. The new gnliltl’ taffetas, bi.ew.s working winders trlbuting t.rai If It isn't a wiun tftffota tied at tl chance, the Muii. with the h‘ possibly a!' Orflll S'it* be- there are tie* i - SUltS Of the :A\ take on n t«>f aspect beniuM- fancy eh«»ks. skirt wlui ii !-i again it In (b>* j pose checks over