The Cedarville Herald, Volume 56, Numbers 1-26

CEDARVILLE HERALD. FRIDAY, JUNE 2, 1933* mm T H E C E D A R V I L L E H E R A L D j$ABLH BULL — — — EDITOR AND PUBLISHER IIXIIBKK—Nation*! Editorial Awt-f1.; Obto Netun'aiicr Aeaoe.; Miami ValU-y P re a Asocn-. Entered at the Post Office, Cedarville, Ohio, October 81, 1887, as second class matter. " FRIDAY, JUNE 2? 1933 ............... UNIFORM INTERNATIONAL ] S UNDAY I chool Lesson <By REV. P. B. FITZWATKR, D. D., Mem* ber of Faculty. Moody Dibit Initltuto of Uhictuto.) ©. 1933, Western Newspaper Union. WHAT IS COMMUNISM ANYWAY? American looks with askance on Russian communism that by government action controls all industry and business along with labor, for everyone works for the state in that country. The congressional investigation of the Morgan private banking interests brings a new thought to American people if we have not been subject to a new brand of communism. The difference between Russia and America being that Morgan controlled the government and much of industry along with the- nation’s finances. This control seems to have been so centralized and dove-tailed in with our government, that our leading bankers did not even have to pay income taxes, yet their earnings were greater in 1930 and 1931, panic years, than in former years. It has also been revealed that the House of Morgan con­ trolled seven of the nation’s large banks, held 2242 director­ ships in 120 of the largest corporations in this country that produced electric power and gas, life insurance, railroads, steamship lines, amusement projects, clothing, and foods of all kinds, including the stock exchanges. More than half of the.savings of the country were invested in Morgan banks, that was used to gamble in stock markets. Enough has come out of the Morgan investigation to cause the average American citizen to ask: “What is the difference between Russian communism and that brand forced on a sup­ posedly free people by Morgan and his associates?” LOOK THE HOUSE OVER If you are the average home-owner, you’ll find lots of places where repairs, replacements or alterations should be made. The steps are becoming rickety—the electric wiring in the basement and garage is in poor condition—new plumbing fixtures are needed—the roof is beginning to leak—those hard­ wood floors for the living room you've been thinking about so long have never materialized—the garden and lawn should be rejuvenated—the whole house could do with a new paint job. The addition of a few labor-saving devices in the kitchen would make your home a more pleasant and efficient place to1 live in. It’s probable that you’ve been thinking of making such repairs and betterments as these for several years—and haven’t had them done because of nervousness as to the future, the thought that you’d better keep your money as intact as possible That’s the kind of reasoning that has prolonged the depression It’s the kind of reasoning that throws men out of work and makes it impossible for them to find new jobs; the kind of reasoning that causes basic industries to run at the lowest pro­ duction point in decades. Today you can obtain property-improvement, of what ever kind, for a fraction of what it would have cost you five or ten years ago. You’ll probably never be able to buy so cheaply again—it’s ,almost certain that prices will rise sharply in the near future. You’ll 'be getting an amazingly big construction dollar’s worth. And you’ll be putting men to work, putting money into payrolls and salary checks and purchase orders Don’t forget that jobs are cheaper than charity—and that only jobs make charity possible. IS THERE TO BE NO LEGAL OBLIGATION ? This country is evidently drifting into a serious situation, one that will lead to a complete breakdown of law observance and .respect and consideration for the constitution. Ever since the adoption of prohibition by the federal government there has been much criticism against those who would change the order Of things because we do not stand by the constitution. While federal prohibition has its place in the present day order of discussion we are evidently drifting to a far more serious situation, in permitting the breaking of what has in the past been regarded both our legal and moral obligations in certain business contracts. -We have not exactly approved the proposal of the present administration to break contracts wherein certain bonds cal' for payment in gold. We take it those in authority feel this is the proper course in view of the acts of our international bank­ ers that have been selling out the nation year by year. There may be some grounds for slapping the Morgan brand of bankers by this kind of legislation, for it is this class of bankers that hole most of the gold payment bonds issued by this government Beyond that are we not establishing a precedent that is going to breed trouble beyond measure in the future? Much of our financial trouble today is due to broken con- -tracts in that both payment on principal and interest has been defaulted, probably on good grounds, but nevertheless placing the lender in jeopardy. This week we find a number of mayors from cities in financial distress in Washington begging author­ ities for a legal way to wipe out fifty per cent of their bondec debt. By such an act those holding bonds .would stand to loose one half of their investment. This should not be permitted To treat a contract so lightly is certainly scrapping all lega and moral obligations. To do so means that the citizen that wants alqan in the future must put up 100 per cent security in government bonds. Who would want a mortgage on a home, farm or own a city or state bond under such a system? Henry Ford says: “The use of land is the best form of un­ employment insurance.” One of the things most needed today, judging from press reports of auto accidents, is an automobile that is afaid of trains. Honesty is put to a hard test during hard times. A person that reads much does not ask many fool questions Some men are known by their debts, others by tjheir mortgages. That May frost as a result of the February thunder die little damage, if there was any. A trip around town might disclose that the “Clean-up Campaign” is not remembered from year to year. Nature seems determined to keep crops within the bounds of the demands of the times. June is here and there is yet much corn to be planted, j Now that the ten per cent bank dividend is in progress of distribution, let us hope another will be possible without wait ing another twelve months. “Let the people know the truth and the country is safe, said Abraham Lincoln. Probably this is the reason for the Morgan investigation by Congress. History is still in the making. Today we are living in the most eventful time in all history, Old ways, old standards and old systems no longer can survive because they do not meet the heeds of the day. No business, no community, state or nation can defy the law of progress by moving backward a generation. Progress and prosperity demands the cutting loose from all hampering precedent, and uniting our forces unselfishly to clear the ground for a new era. Arthur Brisbane says: “Advertising which lets people know that you have what they want is the most important ingredient in success. It is like an electric light bulb that tells What the big power plant is doing.’* KtettVili1 Lesson for Juno 4 JESUS FACES B E TRA YA L AND DEN IAL BESSON TEXT— Mark 14:10-7*. GULDEN TEXT—He la despised and rejected of men; a man of aorrowa, an d acquainted w ith g rie f: and we hid aa It woro our faces from him ; ha w aa despised, and we esteem ed him not. Isaiah t)3.3, PRIMARY TOPIC—Je su s and P eter. JUNIOR TOPIC—The Lord's Supper. INTERMEDIATE AND SENIOR TOP­ IC—Loyalty In Times of Testing. YOUNG PEOPLE AND ADULT TOP­ IC— The Fellow ship of H is Sufferings. to provide protection only ns the law required. The public did not demand such a law and we are all paying for our negligence. It always appeared to us that it was the individual's place to pay for at least part of this insurance directly and he would then demand of the banks something dif­ ferent than what we have had in the past. What it will cost to liquidate the Exchange Bank would have paid I. Judas’ Bargain With the Chief Priests (vv. 10, 11). . This black crime was committed Immediately following the beautiful act of devotion by Mary (John 12:1). II, The Last Passover (vv. 12 25). 1. The preparation (vv. 12-16), In reply to the inquiry of the disciples a.s to where they should prepare the Passover for him, Jesus told them to go into the city where they would meet a man bearing a pitcher of wa­ ter, whom they should follow. In the house, to which they would be led, would be a guest chamber, a large upper room,' where they ,should make ready the Passover. 2. Tlie betrayal announced (vv. 17- 21). The betrayal was to be by one of the disciples who was eating with Jesus. 3. The sacrament of the Uread and cup (vv. 22-25). These were symbols of Ills broken body and shed blood by •which he made atonement for man’s sins. III. Jesus Foretells the Cowardice of the Disciples (vv. 26-31). In spite of tlielr turning from him, Jesus assured them thnt after bis resurrection he would go before them into Galilee. Peter assured Jesus that he would not forsake him. IV. The Agony in. Gethsemane (vv. 32-42). 1. Jesus Christ's agony (vv. 32-34). a. The place (v, 32). The Garden of Gethsemane, an enclosure containing olive and flg trees, beyond the brook ICidron, about three-fourths ot a mile . from Jerusalem, Gethsemane 'menns olive press. Edersheim says It is an emblem of trial, distress, and agony. • b. Ills companions (v. 33). He took with him tlie eleven disciples, thnt ns far as possible they might share his sorrow with him. ■ _ c. His great sorrow (v. 34). This Is the same “cup” as in verse. 36. It was not primarily the prospect of physical suffering that was' crushing him; It was This suffering as u sin- hearer—his • pure soul coming Into contact with the awful sin and guilt of the world. God caused the iniquities of the World to strike upon Jesus (II Cor. 5:21; Isn. 53:6). 2. Jesus Christ praying (vv. 35-42), a. The first prayer (vv. 35-38). (1) His.posture (v, 35), He fell on his face prostrate to the ground. (2) His petition (v, 86)'. 'By the cup is meant bis death on the cross. While it was grievous to endure the shame of the cross, he pressed on knowing that for this cause he had come into the world. (John 12:27, 28; cf, Heb. 2:14). , (3) His resignation (v. .36). He knew that his death on the cross was the will of God the Father, for he was the Lamb slain from the foundation of the world. (4) The disciples rebuked (v. 37). He singled out , Peter, since he had been .the most conspicuous in pro­ claiming his loynlty (John 13:88). (5) Exhortation to the dtsclples (v. 38). He said, “Watch and pray lest ye enter into temptation.” b. Tile second prayer (vv. 39. 40). He withdrew the second time and ut­ tered the same words I d prayer. c. The third prayer (vv. 41. 42). He uttered the same words in his third prayer (Matt. 26:44). He now told tho disciples to sleep on and take their rest os the hour had come for bis be­ trayal. V, The Betrayal and Arrest of Jecus (vv. 43-65). . 1. The sign to the mob (vv.* 43-47). With the basest of hypocrisy Judas designated Jesus to the mob by a kiss, the token of love. 2. Jesus forsaken by ell (vv. 48-52). One of the disciples attempted to de­ fend Jesus by resorting to the Sword (Matt. 26:51). At Jesus’ rebuke for this act the disciples all fled. VI, Peter Denies the Lord (vv. 06- 72), His failure was due to: 1. Boasting self-confidence (w . 29- 31). 2. Lack of watchfulness (v, 37). 3. Neglect of prayer (v. 38). 4. Service In the energy of the flesh (v. 47). 5. Following Jesus afar off (v. 64). 6. Seeking company among the Lord’s enemies (v, 67). The Senate investigating committee looking into the affairs of J, P. Mor­ gan & Co., said to be the world's largest private banking firm, has not insurance on bank deposits for only been amazed a t admissions made many years. Out of it all we have by the Morgan firm but dumfounded.found one thing that each has had to when its list of so-called first friends :P«y for his own experience, costly as including leading political lights, both it is. parties as well as bankers and big, ------ business men. Morgan gave a lis t! It amuses us to see the antics of of prominent men that were “let in” {Governor White and the legislature on on a deal which shows what chance 1 relief to veal estate in connection with the average -citizen has for getting!‘•he proposed sales tax. From the his money's worth in the security market. Morgan unloaded Alleheny Metal, Inc., which he had purchased $30 under the market value. I t was a specially constructed gambling stock with no real value behind it when considering the amount issued. As it stands today those whom Mor­ gan “favored,” and still own this stock, would take a big loss for it has dropped to a fraction above $2. .dustrics, Inc., founded by the late John Alexander Dowicj, a t Zion; 111., evidently has felt the depression fo r several days ago the affairs were placed in receivership. The religious s.*ct divided following the death of I)r. Dowie, one branch getting control \ as headed by Wilbur Glenn Voliva. Assets of the corporation are placed at $2,000,000 and liabilities at $800,. 000. Another action was for bank- i jptcy on the part of three employees. Voliva has been preaching the theory that the earth was not round but square or a great plane. His theory n ay be right so far as Zion is con­ cerned, for it seems to have gone “flat.” ing copy of the Ford Motor Company ‘which has been appearing in this paper. The Ford company has enter­ ed a natiop-wide campaign using both daily and weekly newspapers. This is quite a contrast in policy to what some of the other larger automobile manufacturers have adopted. From the Ford standpoint all classes >f people have been appealed to, there being no discrimination. In other :words the Ford company thinks ' enough of the prospective motor car j buyer in all classes to place the in- jvitation to consider their car when in the market for a new one. A Song in Your Heart .“If you are In the place -where God wants you to be, he will put a song In your henrt; Pnul and Silas were sing­ ing in tlie prison at Philippi, because they were doing God’s will.—A, Lind­ say Glegg. Spread* It* Luster The Bible, dlamond-like, casts its lus­ ter In every direction; torch-like, the more shaken the more It shines; herb- like, the more pressed the sweeter its fragrance.—-Anonymous. Baby Chick*—Heavy Breeds 6c; Heavy Mixed S ^ e . Orders of 350 or more 1-2 cent less. Custom Hatching 2 c per egg. Ralph Oater, Yellow Springs, Ohio. Pure Castor Oil Full Pint—39e This Week's Special a t Brown’s Drugs The one big feature of the Morgan investigation will he new laws reg­ ulating private banks such as Morgan conducts. Morgan himself; cares nothing for what people think of him personally, so long as they have con­ fidence in his bank. •He. is cold blood­ ed and shears all his lambs to the last cent. His plan for years has start, supporters of the sales tax keep repeating that such a tax would give relief to real estate. Those that think they have some knowledge of the tax situation in Ohio could not see and could not be convinced that real estate stood a chalice of benefiting to the extent of a single cent. Still the sales tax supporters argued relief for real estate and those opposed demanded a showdown as to how it could be done and yet not be subject to a boost in two yea rs.. The more the Governor argued his point the stronger the sales tax opposition grew until, last week when he appeared before the joint legislative committee to urge sales tax legislation. One df his first propositions was that to protect real estate he would favor a constitutional amendment reducing the tax limita­ tion from fifteen mills to twelve mills. Our old friend Col. Herbert R. Men- gert, correspondent of the Cincinnati Enquirer, Columbus, noted political writer, has had signal honor conferred on him and has sailed for London to attend the economic conference. He was named as liaison officer between delegates and press representatives by Gov. James M. Cox,/a delegate, ap­ pointed by President Roosevelt, been to make a huge loan to a cor- j poratlon that he wanted to control, jThls would have to be voted uPon bY At a critical time for the company hejthe people and once submitted it was calls the loan which cannot be paid. He then demands that one or more of his banking company be put on -as directors at huge salaries. It is in this way that Morgan has been able to get control or direct nearly 120 banks, insurance companies, railroads, certain to carry probably ten to one The Governor, as well as other sales tax advocates, saw there Was no chance of fooling the people any long­ er. After making his appeal and pro­ mise for real estate relief he yet has been unable to get enough votes in the The Zion Institutions and In- oil companies, and manufacturing!House taxation committee to recom- concerns. ' ' tihend the sales tax for adoption. The . - - Senate taxation committee is said to ’ • , . be safely entrenched against any kind While the investigation has not of a sales tax caused Morgan any great personal ’ ___ _ damage or even embarrasment, yet it hit a tender spot when he was forced to admit his bank had taken big losses and that many- so-called wealthy men had questionable paper up at this time on half and million dollar- loans. Morgan has built up public sentiment to the point where he was regarded a super financier, but when he admits taking huge losses and no income tax, his preBtage weakens. He is no long­ er the “big shot” as the boys in Wall street are want to call him. He did admit paying income taxes in England but none in this country and many of his associates found a new way to escape income taxes just after the Hoover administration got in- full swing; A baptising among the colored brethem draws not only many mem- ,’bers of that race but white folks as .well. Last Sunday twenty-seven new members of the local A. M. E. church were given the emersion baptismal service in Mussiescreek east of town. The banks of the creek were lined with several hundred people who witnessed the event, many younger folks seeing it for the first time. Not only local people gathered tout we noticed quite a few visitors from neighboring towns. We were partic­ ularly attracted by a former Cedar- villiarj, Frank L. (Hoke) Smith, Xenia, beiijg in' tlie crowd, accompanied by Walter Hamer, and their wives. We also noticed “Hoke” and his party were not satisfied by gallery seats but scaled the bank to get a front seat near the edge of 1the stream. Frank’s newspaper training of some years ago still leads him to the center of events. Congress gives President Roosevelt* authority to cancel air mail and steamship company contracts where presidents of these companies are re­ ceiving more than $17,5QQ each in salary. Contracts made by the past postmaster general have been subject of much discussion and it looks like the sunlight of publicity is to be turn­ ed in on what looked like liberal gifts on the part ‘ of the government to favorite companies of the past admin­ istration. As a suggestion railroad companies should hnVe been included in the investigation. It might also be’well to investigate under what cir­ cumstances a recent postmaster general became president of a Morgan railroad in New York. For Sale:—Three door refrigerator in good condition. Plenty of storage room. Priced, reasonable. Inquire as where it can be seen and price at this office. , Somebody might steal your car; or a wind-storm or. fire might destroy it. Play safe and have it insured in The Motorists Mutual Insurance Co. See G. H. Hartman, Local Representative. Subscribe for The Herald Weikert &Gordon AUCTIONEERS Herald readers have probably ■^’or Dates Call noticed the high standard advertis- Joe Gordon, Cedarville, 1. VALUES 4 The thing that will hurt the Morgan banking prestage as much as anything else in financial circles is his admis­ sion that Uncle Sam paid him a com­ mission of four.per cent that brought his company $122,000,000 profit in the sale of government securities that could have been sold through the Federal Reserve System at no cost to the public treasury. As other banks did not share in this “gravy,” and even in the face of admitting no in­ come tax was paid, the "big shot” will not be able in the future to pull such stunts. The interesting feature of the investigation has been Mor­ gan's willing admission to all charges with not even an alibi. He has held that his bank made its own rule's and was not subject to either state or federal control, and he evidently was right, but new rules will be in the making soon that will apply to the “Merchants in Money.” as Morgan likes, to describe his institution. Congress acted with haste the past week in passing new banking laws relative to guaranteed deposits. The Glass bill passed the House one day and two days later the Senate acts with haste, setting a new record for congressional haste. The bank guar­ antee of deposits will be financed by the government, Federal Reserve System and by assessments on banks that are to share in this new plan. Not every bank will be able to guar­ antee to its depositors 100 per cent protection, Only those banks that are members of the Federal Reserve Sys­ tem will be eligible, This will in­ clude pratically all National Banks, State banks not members of the Federal Reserve System must be certified by the State Banking Depart­ ment aa sound and then by meeting the Federal Reserve requirements and payment of the assessment, will be admitted. *C jum ~ 2 ) i{ jp e d " c o r d p l i e s UNDER THE TREAD > 1 GUM-DIPPED CORDS Tho Firestone patented Gum -D ip­ ping process transforms the cotton cord* into a strong, tough, sinawy unit.' Liquid rubber penetrates every cord and coots every fiber, guarding against in­ ternal friction and mat, greatly increas­ ing the strength of the cord body, and giving longer tire fife. TWO EXTRA GUM-DIPPED CORD PLIES UNDER THETREAP This is a patented construction, and th » two extra Gum -Dipped cord plies are so placed that you get 5 6 % stronger bond between tread and cord body,' and tests show £ 6 % greater protection against punctures ana blowouts. It sets p new standard for tiro performance o » nigh speed carsi Tough, live rubber specially compound­ ed tor long, slow wear. Scientifically designed non-skid gives greater trac­ tion and safe, quiet performance. Tiresfone COURIER TYPE * 2 88 EACH WHEN BOUGHT IN PAIRS 30 x 3‘i Cl. ¥ ‘ SENTINEL W E ^ H I each ____ M m WHEN BOUGHT - IN PAIRS 4 . 4 0 -SI The new Glass bill from early, re­ ports sets out a lot of things a bank to have guaranteed bank deposits can­ not do. This may change much of the present set up of our common banking practices. Banks probably will not be able to take any chance on investments as in the past to get revenue for operation. To meet the assessment for guaranteed, deposits patrons may find many new things confronting them in the near future, The public wants and is demanding guaranteed deposits. It is but a form of insurance and would we all not have been better off had we been com­ pelled to pay for some insurance pro­ tection rather than experience what we have the past eighteen months. We insure our homes, automobiles, livestock, our lives; then why have we not had insurance on our money? The reason is ,the hankers did not have C O M P A R E C O N S T R U C T I O N , Q U A L I T Y a n d P R I C E mm laSmSX} OhmlM. I fU b a .j Firm'tii-/ O m JU t r s a . - PenUea-_ i s Butch. . Ttr* 4.40-21 4.50-20 4.50- 21 4.78- 19 4.78- 20 * 5.00-19 5.00- 20 8 . 00 - 21 8.25-18 8.25-21 0MM4 im. CatRb M •4.79 1,95 5*43 *.33 *.43 *.*5 *.7S *.9* 7»S3 1,15 0M*MTlW Can rib* rwMr •9.3* 19.3B 29.54 23.33 13.4* 13.9* 13.29 13.54 24.*9 25.93 mm Sttt’b ’k V Auburn_ Jordan _ I n Stu’lPk'r Gardner. Merman. Oakland. Peerleaa _ Chrysler.. Btu'b’k'r Viklna__ Stu’bV’r Prmnldln BndKm.. H nn’h ile . LaSalle. Packard- Pierce A._ Cadillac. tiaeoln__ Paokard- TH 5.50-18 5.50-19 6.00-18 6.00-19 6 , 00-20 6 . 00-21 6 . 00-22 6.50-19 6.50-20 7.00-20 nmtam hntMM OMfcU Tm OMMd Tm Truck, «n 4 Bua T ires C m *rib* Cu*Prb* E m * Nrr.tr TV.312. Flfotton* flrMtonv OldRtfd Oldfrfd 9 9 .3 5 9 2 * .3 9 rnmmm Type Typo Deary Cl,hPile* CashPric* Duty E m * P m Fair 9 .4 9 2 4 .4 4 30x5___ 9 2 5 .3 5 9 3 9 .7 4 2 9 .4 5 32x6__ 3 9 .5 0 5 2 .0 0 3 * .4 4 34x7.._. 3 9 .4 0 7 0 .9 0 2 9 .9 5 3 2 .9 4 36x8__ 5 2 .4 5 2 0 0 .3 9 2 9 .9 5 3 2 .3 4 6.00-20 2 2 .9 s 3 3 .4 0 2 2 .2 9 3 2 .5 4 6.50-20 2 5 .5 0 3 0 .0 0 22 .A 9 3 3 .5 0 2 3 .3 9 3 3 .9 * 7.50-20 3 9 .4 5 5 2 .9 9 2 3 .9 5 3 4 .5 4 9.00-20 4 9 .5 0 9 9 .4 0 2 4 .4 5 3 9 .4 3 9.75-20 9 2 .9 5 2 3 9 .0 0 T i r e $ t o n * COURIERTYPE 9 sin Otr» C«th t(k* Eich ♦Spedi! BrandMiil Order Tin Prkft Each Oar Cut, Pit:* P.rPair 1 H*l*k 43.29 $ 3,10 •5*99 4.3C.JI— 3 . 5 s 3.58 4.9S «,7S-1»<— 3.99 3.98 7.65 SfttftfCl. 3.99 8.89 5.75 •FIRESTONE do n o t manufac­ tu re tirc3 under special brand names for mail order houses nnd others to distribute. Special Brand Tires nro made wit {tout th e m anufacturer's nam e. They ore sold without ltis giiorante* o r re sp o n s ib ility for service. Every Jl'>ref>ia><n Tint I,rum iho Fireslonn u: >t„» u - .jiliiy excyi;. th a t '‘,*nil t i , „ !0 I SENtINEL TYPE SIZE O m CisfcPile* fact. ssrctbi Hum)Mail Ord«Tit* Pile*Nth Oar C m *Pike P.rPal* -Me-tL.... 4.GO-21.... 4.7S-14..... r,.?!LZt ... • 3 .5 9 3 .9 5 4 .4 3 4 .9 5 5*99 13 *0 cs cm 4 9 .9 9 7 .4 9 9*99 9 .4 4 2 2 .4 4 aiiwim/n aa ~ f p.rwr vnaususv s RALPH WOLFORD Olhur StwM iM t