The Cedarvile Herald, Volume 57, Numbers 1-26

*# 5 *8 a i f e - v , - - CEDARVILLE HERALD. FRIDAY, MARCH 30, THE C E D A R V I L L E HERA LD — EDITOR AND PUBLISHER Ohio Newspaper Assoc.; Miami Volley I*ress Assoc, K A R L H BULL — — KBUBKH- JMUwrUl Awe-__________ _ _______ ______ Entered nt the Post Office, Cedarville, Ohio, October 31,1887, as second class matter, _____ _________ FRIDAY, MARCH 30, 1934 S f S » 4 * REFORMING THE STOCK EXCHANGES The legislation now before congress to regulate stock market gambling feature, especially control of margin trading, should receive the support of not only members but every citizen in the country. This cannot be expected for those who have taken huge profits from innocent investors and unexperi­ enced traders on the market are well organized to. defeat the passage of the bill. , ., Much of the economic trouble we have experienced the past four years can be traced to Wall street activities. There has been no proposal to check safe trading but if we judge the work of the -organized forces in spreading alarm if this bill becomes a law, w e are convinced more than ever that some check must be placed over stock exchanges. We are not familiar with the details of the law but it should even control the sale of all stocks and bonds in the industrial field. We have no fear but that worthy enterprises can always be financed for if we take, the trouble today to investigate the very best and safest investments have little or no sale in the public mart. This class is never peddled from door to door and is always hard to get. Most of the stocks on the big board have little or no real value as they only represent the “ water" in­ jected to float it to an unsuspecting and eager gambling public. When we stop to think of the millions of dollars that have been wasted in stock market investments as well as those ped­ dled from door to door and that a break in the stock market back in October 1929, could plunge the nation into the depths of the depression, it is time that the public be given some con­ sideration. While the market operators are making wild claims of the damage that can be expected with the passage of this bill, we have faith enough in the nation to believe such a law will be approved. No class of producers have Buffered more from market operations than wheat growers. Most of the time the market price is set as a result of margin trading, not the actual sale of wheat. To offset this the gamblers usually have a stock of weather reports* insect damage, rust, and a score of other reasons for changes. Such gambling oft times is very detri­ mental to consumers of wheat products, the profit of which never goes to the wheat producer. For years the public has trusted those who control the vari­ ous exchanges and there is plenty of evidence that fair play has ■been lacking. Thousands of homes have been wrecked by such 'speculation and it is not likely the noise now made by the market operators will detract public attention from the merits o f the proposed law. Greene county has suffered the. loss of hundreds of thousands of dollars in questionable investments, all of which would be welcomed gladly today if it could only be returned. Who won in the labor-automobile contest that kept not only business but a whole nation on its toes for several days? What looked like an open battle settled down to t a tea party with President Roosev^t as host. The strike was called off and neither the automobile manufacturers or labor leaders have made any boasts. The situation came near giv- Hope II, daughter of Edgewood Gyrus, dam Edgewood Fairy, when six years old held the world’s record for any breed, by producing 12,274-611 on two milkings a day in one year. Her latest entry into the 56-pound class was in June last year, when she gave that yield to a Hay calving, making 9,139-368 in a 365-day period.” The movement to place all business in,this country under the code sys­ tem, make labor a chattel and rule prices by law was an inovation to most all persons. However a well read historian finds Massachusetts Bay Colony Court attempted to regulate the selling price of provisions, cloth­ ing, tools and other commodities at . .. . . . . . ,, wvid miiu inn ing the NRA its greatest test and the not to exceed &up pence a 8hU,ing struggle might be renewed again. The compromise is that a third party to be named by the President must sit with a representative of the auto trade and one from labor unions. How a third man can be neutral on such an issue is a .mooted question. General Johnson, head of the -NRA, who some days 'ago made a state­ ment that all labor must be organized, probably was directly responsible for the threatened strike among auto­ mobile employees. It is hinted he started something he could not finish and during the negotiations between labor and the auto industry became nothing more than a messenger boy for .President Roosevelt. When the strike threatened people at once look­ ed for Johnson to start his “ cracking down" process. more than the same cost. After a trial at controlling prices the courts of that day found the controlled price might be out of line with money values. Making labor a chattel also failed. Twenty years latter Virginia endeavored to make labor a commod­ ity by wage fixing during the period of town building but the best labor left the state and the plan was later abandoned. COURTS BACKING NRA CODES THUS FAR— HOW LONG? There have been many warm utterances that the National Recovery Act and formation of code business management was a violation of not only state laws but the federal constitution, whereby individual rights have been denied. We remember such statements following the adoption of federal prohibition but as the courts faced the issue prohibition was declared con­ stitutional. Within the past few days various courts have passed on dif­ ferent parts of the code formation under the National Recovery Act. You will recall a recent decision of the United States Su­ preme Court when the milk control law was declared constitu­ tional and support given this decision by that eminent jurist* Charles Evans Hughes, once defeated as the Republican nom­ inee for president on the grounds he was a re-actionary. Two Republican judges, King of Franklin county and Hoffman of Hamilton county, a few days ago upheld code provisions as con­ stitutional. We can look for more similar decisions for some months to come. When ever the public tires o f code control o f business then we can expect courts to lean just a little more towards public sentiment. To get a court to uphold the idea of prohibition with public sentiment as it is today would be a novelty. 'The code idea is unique to Americans but Americans have the habit of always wanting to try out new things not only in business but in government. When public sentiment changes and no longer will support NRA principles then we can look for something different in the way of decisions from our courts. Better the Golden Rule than the rule of gold. How fine it would be if the forty hour week only applied to tir e d mothers. Half o f us are unhappy because we can't have the things that make the other half miserable. ‘ Illinois wants a. million barrels of cement for road construction this year and after advertising for bids the department found that only one firm wanted in on the business.- The price was hot to the satisfaction of the state andmow an appeal is to be made to NRA to lift restrictions from the cement code. This situation re­ calls to mind what Arthur Morgan experienced' when he asked for bids on a million ,barrels of cement for erection of dams in the Tennessee river valley improvement. When bids were opened they were all the same and so much higher than expected. Manufacturers answered it was the best they could do under the cement code as competition had been elim­ inated. Engineer Morgan, represent­ ing the government, threatened to build a cement factory and this changed the whole face of things. If the government is to insist on in­ dividuals paying higher prices to in­ crease purchasing power, the govern­ ment should do the same thing. The Ellsworth sale last Friday and Saturday near Mt. Sterling was one of the largest ever held in the state. Great .crowds attended each day and bidding was brisk and live stock as well as machinery to farm 3000 acres and grain brought high prices. If this sale is a criterion “Old Dobbin” is coming into his own. The horses brought prices that take us back to the peak of prosperity. The cattle, sheep and hogs were o f the pure bred kind and set new market prices, It will be 61 years next month when the Ohio State Grange was organized at Lebanon, there being 21 local Granges in the state at that time. There- are now 847 Granges in the state with a membership of 72,000. The national organization was formed about 70 years -ago. < There is one code of competition that should-be made mandatory and that is the fair practice clause be­ tween unions. Every now and then strikes *are called following differ­ ences between carpenters and steel workers over the setting o f door or window frames. The fight between the unions finally leads to a general strike- and all labor stops on that particular project. This was the case in a government building being erect­ ed in Washington, D. C., last fall, and the building stood uncompleted for months while the unions continued to fight and several hundred employees were out of employment. If the gov­ ernment is to dictate what industry is to do for labor it should also dic­ tate what labor is to do not only for industry but the government. we were to make a guess the outcome will be both a fales or gross receipts j tax and an income tax. It might ! be well to have'the tax matter settled j once and for all time and adopt the whole program, the more taxes the better. The public ia indifferent, the | whole idea being for one class to; shift the burden on the other. As long as tax laws are not subject to a referendum you are going to find new proposals each session o f the legislature. . - ! Senator Fess and Cong, Marshall cast their votes this week to over ride President Roosevelt’s veto of the net- ergns pension and increase salary bill for government employees. In as much as the bill does not provide a means of financing the measure, it will re­ quire a new tax law if the terms of the bill are to be met. There are not a few but smypathize with the vet­ erans when they see’ the government spending millions weekly for the CWA and other alphabetical movements and the veterans getting nothing. But who is to pay the new tax that will be required to meet this unwise ex­ penditure at a time when people are so hard pressed? Thousandsoof veter­ ans will not get to share in this gift which is a cowardly jesture on the part of congress to purchase the vet­ eran vote this falL Sen. Fess has made much fuss about Roosevelt ex­ penditures and Cong. Marshall recent­ ly stated that “we are going to pay as we go” from now on. Both must face the electors next August in the primary election. CLOSED XENIA BANK ASKS TO PAY FOURTH DIVIDEND D O Y O U R F E E T B O T H E R Y O U ? D o your shoe* run over at the heels or soon lose their shape, , . slip >.. spread , . . bulge over the soles? Here is your chance to learn how these conditions can be prevented . . . also how you can obtain relief from tired, aching feet, hurting corns, callouses or bunions, itching feet and toes, weak arches or any foot trouble. No charge obligation. Be sure to attend this or 4 SPECIAL EVENT Dr. Scholl’s personal represent­ ative From Chicago will be at our store, on Saturday, March 31st i We will make Pedograph prints of both your stockinged (eei, giving you the prints without charge, so that you may sec just Bow you stand Jnl the matter of foot health . . . also sample of Dr, Scholl’s Zino>peds for quick removal of a corn or cushioning • sore spot from shoejpressure, and an interesting booklet, by Dr, Wm, M. Scholl, “Treatment and Care of the Feet.” Home Clothing Co. * * * M o r v i l l * . O h l* The announcement Tuesday t’-at England will deny admittance of Mrs. Samuel Insull is certainly a chapter beyond anything history has record­ ed where a fugitive, Samuel Insull, now on the high sea, is trying' to evade capture for return to this country. Thousands of citizens lost every thing they had in the way of savings in the various Insull public utility enterprises and the captain of finance and intrigue must return to this country to face criminal charges, Additional punishment must be his lot when his wife is denied admit­ tance into a country that once wel­ comed husband and wife. Insull has been retreating in Greece but was forced to leave that country and is now on the high sea in a chartered old freight ship. Following the collapse of the Insull house of finance Samuel secured, prop­ er passports from this country for Greece but this was previous to his indictment. Insull was a power in politics both in Illinois and at Wash­ ington and had federal officials been attentive to duty passports would never have been issued, A brother, Martin Insull, escaped to Canada where he has been a year but is now on his way back to Chicago in custody of officers. It is a tragedy that a captain of in­ dustry should betray thousands of his fellow citizens, Whatever may be his fate at the hands of the law, the financial loss to purchasers of his se­ curities can never be repaid. John A. Davis reports an unusual Some weeks ago we mentioned the fortieth anniversary of the riot in Washington C. H. and this week we find that Cincinnati is recalling the riot in that county when the court house was.burned fifty years ago. The mob was strong enough to hold back city firemen while the building burn­ ed before the state militia could be assembled. Our attention has been called to an unusual event in Dayton recently when a group of dairy farmers en­ joyed a feed while there to consider dairy organization and business prob­ lems. Now it developes that the farmer guests did hot even have but­ ter for their bread, but this might be looked upon as practicing strict eco­ nomy. The thing that struck home was the fact that milk was served that had come from a chain store com­ pany that had been charged with cut­ ting retail prices on milk. It has also been hinted this company has been getting what is termed “ surplus” milk for which the farmer does not get the- same price as received for base milk. The comment is that “ surplus” milk has been sold for re­ tail at a lower price than what “ base” milk can be marketed. No little com­ ment has been going the rounds of milk producers since the Dayton meet­ ing. A local farmer in commenting on the different plans for restoring eco­ nomic recovery points out to us that the AAA is trying to raise the price of farm products by limitation' and also by processing taxes. He says the NRA is raising prices on every­ thing* the farmer must purchase, so where is to be the net gain? He wants to know how prices can be raised without consideration of pro­ fits? The farmer must have a pro­ fit and so must the manufacturer and the retailer. If there is no profit each class will be doing business in the end at a loss, Then labor is out of a job and we will all be back just where we started in the days when I the Indians were driven westward j that the -white man could grasp his ! land. Such is the view of our farm- i er firiend that has had years experi- | ence that required many years of labor to get his farm out of debt President Roosevelt received his first real jolt Wednesday when the Senate followed the course of the House and passed the veteran’s com­ pensation bill over the presidential veto and $83,000,000 has been restor­ ed to a partial list o l veterans. Election time is not so far away and i>oth Democrats and Republicans al­ most broke their necks to play up the veteran vote. 11 Ohio Democrats and five Republicans from the House voted to override the veto, one of thO latter being Cong. L. T. Marshall. The closed Commercial and Savings Bank, Xenia, has filed application in Common Pleas Court for authority to pay a fourth dividend, 15 per cent; a- mounting to $38,354. / It has been hinted for some time that eventually the bank would pay all depositors in full.. If the court orders the request the dividends paid will amount to 65 per cent. 60c Pebecco Tooth Paste—37c Week End Special at Brown’s Drugs Wanted—We buy and sell new and used cars. Bclden & Co., Steele Bldg. Xenia, O. 50c Georgia Rose Face Powder—-29c Week End Special at Brown’s Drugs BABY CHICKS hatched and sold in accordance with the code. Certificate No. 347. Orders should be placed a few days in advance of date wanted. Chicks Tuesday and Friday. Lowest Prices in Ohio, 6He up. Write or call for price list. XEN IA CHICK STORE 23 S. Whiteman St. Xenia, O, No Phone AT SPRINGFIELD THEATERS REGENT Starting Easter Sunday “Wondnr B ar" Featuring A1 Jobei* Ray Francis and many other stars STATE THEATRE Starflag Saturday “Coming Out R p *y ” Society draasa sterriac^fe**?** Dee and Gtafo FAIRBANKS THEATRE Sartiag Easter Sunday «Th* Lost Patrol” Starring Victojr McLsglen, Boris Karloff, Wallace Ford miinnnimiiMa Coal Coal KAY JAY BLOCK—BEST FOR ALLPURPOSES Island Creek, fair General Purpose Coal HARD COAL FOR BROODERS Xenia Farmers’ Chick Starter and Egg Mash^—A ll kinds of Feeds / „ ► v- , • ■ • *’ ’ | Ear Corn to Buy or S e l l ------Grass Seed Reduced price on all Clover Seed. Will trade Seed for Corn or Wool. CALL AND SEE ME uc i J i C.L.McGuinn CASH STORE TELEPHONE—-3 B South Miller St. Cedarville, O. snpiinnnunnnninii =s :s l SAVEAT THISSALE V I . Sensational Pre-Easter SALE OF FOO TW EAR I . for Men, Women and Children DON ’T FAIL TO ATTEND '■ -■* _ * All New Stock at Astonishingly Low Prices! Kennedy’s Shoe Store 39 W , Main Street Xenia, Ohio Week“ End Specials BROWN’S DRUG STORE The wrecking of what was former­ ly the Shroades property which the village purchased from W. H, Barber settles a controversy that has taken place for some weeks. It was the ' clipping from one of his pure bred jopinion of some of the older citizens jDelaine yearlings with a fleece that Giftt the front part o f the house was [Weighed 1814 pounds. Tie also had a built of logs and years later weather. Ifleece from a lamb that ran the scales hoarded, A few held out that there ; to 14 pounds, Mr. Davis is starting was no log construction but every. ; a herd of Delaine sheep and has a fine onc knows different now, [strain for the beginning. ....... . ' The legislature continues to discuss The Dayton Daily News Saturday tax Problems and Gov. White In a has the following to say concerning a 8P®el*l message this week endeavored milk record of one of his shorthorns. to la^ out a program which was “i”. C. Davis, Cedarville, is a ’two- rather Indefinite. The legislature is timer* when it comes to records for d*vWed into three dr more blocks, milking Shorthorns. His Otterbein . Income tax, sales tax and neither. If < 40c Castoria - - - - 25c Cashmere Bouquet Soap * 50c Jaynes Tonic Vermifuge $100 Miles Nervine - - - Epsom Salts, bulk, 5 lbs. - - Witch Hazel, full pint 50c Pebeco Tooth Paste - - 50c Georgia Rose Face Powder B r o w n ' s - D r u g s <V ' , Local Mrs. Ollib Roselli Hart day with Mre| Mr. and Belie Center friends here l Mr. and spent a few cagOi Mr. and announcing born last Sat] Mr. Allen the Cleveland! Easier vacatil H. A. Tumbu| *d If you have Foot Specialifj day, March 3J ReVj W. visited here Condon were death o f the Mr. Harry Fll Mr. Burton] a patient in several months] bath with hisj bath, returninl Monday, Mrs. Jamesl a critical cril home of her s| Mr. and Mrs. ton. She suffl Tuesday eveni] M r/ Frank Ky., has join] guest o f his A. Jamieson and family w March 13 date to more community an] known to us birth of a. da to Mr. and Mi| daughter is “ Papa” wears| come off.” ' * <r Marriage Ann Friends in Cc Friends hav| nouncement Fred Ewry a] last Decembei The marriage| Tilton, past Episcopal Gb son; o f .M», , < a daughter Ferguson. T| has gone to i street. I • 1 40c| Week End S] COLLEGE 0 BRI The Alfor of activity the College S| held a recep A. AUlt and during the w| cently. The a surprise they were Mrs. Steele, latiosn from gram constiti tainment, a grand m guests. H dent of the sented Mr. the College Coach Ault cepted, Pr gratulatory Orange and two songs, two selectlo After two Bull, the pr two selectio: Quartette, master of Margaret- - The gym wf scheme of ments of th| served, chairman o freshment Heintz was the refresh were place old-tfashion dents and B FROM Bl Tested fo^ gem used tested se> Reactors Hatched with CC FROM T j We can White, Bt per 100. 1000. R« Reds, $8,1 $76.00 fo Wyan., 500, $80.| sorted, . 500, $70.1 order, ordered;1 cash witjl XI iu<