The Cedarville Herald, Volume 61, Numbers 1-26

r* mmm 'uftm H E E A L O E l l i a BOLL E D ITO R AN D PUBL ISHER M M M M r oM o BSaBMpijr Xm*.i **««* v*»ey *rw# Aw** Po«fcOfR«e, C a d a rv ille , O h io , O c tp b e r 3 1 .1 8 8 7 , Bd tsl*i» m * t tw „ FRIDAY, JANUARY 21, 1988 WHAT » A HOLDING COMPANY? <F r»»k iin R o o s e v e lt fin d s h im s e lf a t p l a y a g a in w h e n h e a n n o u n c e s t h e d e e tru c tip n o f a l l h o ld in g c om p a n ie s in th is c o u n try , ir r e s p e c tiv e o f w h e t h e r t h e y a r e g o o d o r b a d . H is t h e o r y t h a t s u c h c om p a n ie s a r e a m e n a c e is n o t b a c k e d b y f a c ts b u t b y a p e r s o n a l d e s ir e t o h a rm a c e r ta in ^element o f bu sine ss, o r i n o t h e r w o r d s t o w r e c k t h a t w h ic h b e lo n g s t o o th e rs , w h e t h e r t h a t w h ic h t h e w idow o r t h e o r p h a n m a y h a v e s a v in g s in v e s te d f o r t h e i r ow n s u p p o r t r a t h e r t h a n b e p u b lic p a u p e rs . We a re n o t m ak ing even a f a in t a ttem p t to ju s tif y all ho ld ­ ing companies any more th a n a l l individuals on t h e basis of r ig h t o r wrong, ha as much as Roosevelt p laces a ll such com­ pan ies in th e sam e c lass defense m ust b e general until he pub lically designates th e good from th e b ad . T h e h o ld in g c om p a n y a s a r u l e is t h e p a r e n t c om p a n y o v e r o n e o r m o r e o t h e r c o n c e rn s m a n u f a c tu r in g t h e s am e lin e o f g o o d s o r d if f e r e n t b r a n d s . F o r in s ta n c e G e n e r a l M o to rs is con ­ tr o lle d b y t h e d u P o n t C om p a n y t h a t m a k e s e v e ry t h in g from m o to r c a r s , D ie se l e n g in e s t o p a in ts , o ils , r a y o n s ilk , a n d d if f e r e n t k in d o f y a r d g o o d s b e s id e s w a r m u n itio n s . Som e o: th e s e l i n e s a r e m a d e f ro n t t h e b y -p ro d u c ts o f m a t e r i a l n e e d e d t o m a k e o t h e r good s. I f e x p a n s io n is n e e d e d i n som e 'c om p a n y t h e h o ld in g c om p a n y is a b le t o fin an c e a n d d ire c fcm an a g em en t r a t h e r t h a n go t o t h e b a n k s a n d b o r ro w m o n ey .on w h ic h in ­ t e r e s t m u s t b e p a id . • T h e u tility h o ld in g c om p a n y o p e r a te s in a b o u t t h e s am e w a y o t h e r t h a n i t d e a ls in m a te r ia ls a n d su p p lie s u s e d m o stly in g e n e r a tin g e le c tric ity . I n t h e te le p h o n e fie ld a p a r e n t com ­ p a n y su p p lie s n e e d s f o r t h e lo c a l com p an ie s . I f n ew e le c tric lin e s f o r e x p a n s io n a r e n e e d e d t h e n e c e s s a ry finance, is o fte n supp lied - b y t h e h o ld in g c om p an y . I n o n e b r e a t h R o o s e v e lt h a s a p p e a le d t o b u s in e s s to e x p a n t t h a t m o r e em p lo ym e n t c ou ld b e p ro v id e d b u t a s e co n d , l a t e r t o a p p e a s e t h e C om m u n is tic e lem e n t t h a t a r e h is adv iso rs, h e p u b lic a lly a tt a c k s b u s in e s s— a f o rm o f h o r s e -p la y a s i t w e re . T im e a f t e r tim e R o o s e v e lt h a s p a in te d t h e a v e r a g e b a n k e r a n d in d u s tr a lis t a s t h e m o d e rn -d a y A1 C a p o n e t h a t is robb ing , a n d c h o c k in g t h e A m e ric a n c o n sum e r a t e v e ry a n g le . H is h e a t b e in g in a w h i r l d u e to t h e “r e c e s s io n ” a n d n o t b e in g a b le to ge tf c o u n s e l f r o m t h e r a ttle - b r a in e d N ew D e a le rs ,"w e now find FD R c a llin g in those, h e a th e n “ econom ic ro y a lis ts ” t h a t som e p la n c a n b e w o r k e d o u t t o g e t bu s in e s s on t h e u p g r a d e . H is a c ts a r e lu d ic ro u s , h is p o s itio n b e fo r e t h e n a tio n po sitive ly p itir f u L a n d y e t h a rm f u l. - W h a te v e r t h e Ou tcom e o f t h e b u s in e s s c o n fe re n c e s bu sin e ss w ill lik e ly b e J 'j i t t e r y ” f o r som e tim e d u e to t h e f a c t t h a t Roose v e lt h a s on m a n y s u c h o c c a s io n s b ro k e n h is w o rd . M o reov e r b u s in e s s c a n n o t m ov e in a n y c e r ta in d ire c tio n u n til som e o f t h e t a x a t io n b u r d e n i s lif te d , e s p e c ia lly t h e h e a v y t a x on su rp lu s W h e n t h e tim e com e s t h a t c o rp o r a tio n s m u s t p a y a t a x on t h e f u n d s , u s e d to . r e r o o f t h e p l a n t, w e h a v e r e a c h e d t h e s ta tio n u n d e r th e*N ew D e a l w h e r e con fisc a tion t a k e s a to ll t h a t ur- du stry " c a n n o t t o le r a te . T o t h e c o n sum e r t h a t m ig h t d e s ire e le c tric lig h t, g a s o r 'te le p h o n e se rv ic e , w e a r e a f r a id t h a t tim e is f a r i n t h e f u tu r e if h o ld in g com p a n ie s w ith , h u n d i’ed s o f th o u s a n d s o f sm a ll s to c k ­ h o ld e r s a r e t o b e w ip e d o u t. N o t on ly th e in v e s to r is t o lose b u t t h e ' c o n sum e r m u s t s u ffe r a lso . W h a t b u s in e s s n e e d s m o re t h a n a n y th in g else-—is to b e l e t a lo n e . A m a n o f t h e R o o sev e lt ty p e t h a t n e v e r h a s y e t h a d t d m e e t a p a y ro ll, n e v e r h a s t a s t e d w h a t i t is to e a r n h is liv ing b y t h e sw e a t o f h is b row , k n ow s n o th in g p e rs o n a lly o f re sp o n s i­ b ility o f bu s in e s s m a n a g em e n t, sh o u ld h a v e .less t o s a y a b o u : w h a t, o t h e r s s h o u ld o r s h o u ld n o t do . - mm If * Republican majority contacted a “flHibuster” in congress such as has boon going two week* by Southern Democrat* against the *nti- lynch bill, mgreet howl would sweep across the country, When this seme bill was defeated fi>r wades last year there were three lynching# in the sooth when negro®* were hung from trees and ahot or burned a t the stake.' Southern congressmen in their plead' ing for defeat of the bill say the north joes not understand the negro problem in the south. The New Dealers are not making any campaign for the passage of the anti-lynching hill—its the same old dual for the negro in the south. * * The attitude of-Roosevelt in not demanding passage of the anti-lynch mg bill, brings.up tfie question of equal rights in the south, which under the constitution guarantees the right to vote for all citizens irrespective of color. The negro is denied this right in the south by strict state laws that makes i t impossible for him to vote. In as much as the south seems to have the call, for members of the Supreme Court a t the hands of Roose­ velt, it is not likely that the negro could win his rights in that court even if it -were possible for hllh to get his in any court. The negro will case have about as much chance to vote in the south as the negro boy or girl with infantile paralysis would have in getting 'in the Warm Springs Foundation for treatment. Negro children are barred. The Shrjners have seven hospitals in this country for the treatment of children of all colors, nationality, and religious be­ liefs, that are deformed what ever the cause. These children are not only restored to normal health if possible but they are given a common school education and taught some profession or trade that* they can support them­ selves. The Ohio House Tuesday voted overwhelmingly to reject a bill by ' Hep. Almendinger, Democrat, Marion, to place a tax of one to three per cent ott each consumer’s bill for water, electric or gas. The vote was 75 to 24 to table the bill. The. tax was to be used fo r relief purposes and would have hit every utility con­ sumer, in the state. - A CIO FOR THE FARMERS - N o d o u b t f a rm e r s t h a t r e a d t h e C o u n try ' H om e m a g a z in e in t h e F e b r u a r y is su e abo tK J o h n L. L ew is a n d h is v iew s o f a CIO f o r t h e f a r m e r in A m e ric a , w ill g e t som e id e a o f w h e r e t h e N ew D e a l i s t a k i n g a g r ic u ltu r e . ' _ Q u o tin g LeWis w e fin d t h i s in teresting* ! “My f r ie n d s in I o w a d o n o t a s a r u le , w o rk f rom d aw n to d a r k a s t h e i r f o r e ­ f a t h e r s d id . At) d u s k th e y g e t in to t h e i r c a r s a n d go to p ay - t h e i r so c ia l c a lls , a s f r e e f r o m w o r k a s c ity w o rk e rs .” T h a t so u n d s g o o d fo r I o w a b u t in t h e m a in is i t t r u e in O h io? L ew is c o n tin u e s : “ I a d v o c a te a s o r t o f CIO f o r f a rm e r s . I d o n o t ‘a d v o c a te s u c h a n o rg a n iz a tio n a s a d ev ice f o r 'g e tting m o re m oney- o u t o f t h e g o v e rnm e n t. T h a t is sh o rt-s ig h ted . O th e r g r o u p s a r e o rg a n iz e d . I t rem a in s on ly f o r th e f a rm e r s t o f o rm a so lid f r o n t a n d s ta n d s h o u ld e r to s h o u ld e r w ith o th e r un ion s.” ■ ‘ « •. W h ic h s h a ll i t be , “ W a lla c e t h e D r e am e r , o r Lew is, th e F a rm e r ? ” COLUMBUS 3 Now that merchants who had to sit up to midnight getting out their social security taxes and returns on sales tax stamps, one merchant informs us tfiat he doubts if there would, be Democrat vote if all these* Teports had to come the day before an elec­ tion. Thursday was the last day for dog tags without penalty. Next comes real estate taxes, and then personal property returns in February, .-This month a'new Democratic tax hits the automobile dealers who must have state approval and put up $5 to get a state license to sell cgjrs. Barbers and auto salesmen must pass the test, so the dog still has the best of it, all that is necessary is the tag. so the aky could .get ‘mm* thdiff Jftwsay in Galtunbug, The young *nu® we# a tire maker, the company had no oedar#, and t o was}.' laid off until there was sufficient DAYTON COMPANY INCREASED CAPACITY Howard Haathmap, Manager of the business to s ta rt hi# department. He Xenia District of The Dayton Power was not looking for « job and be had and Light Co., announced today that saved front hie wages enough to pay j his company began the year 1939 his board and. room rent during the layoff. He resented the idea that he was jobless. This time last year the Ohio valley was preparing for the biggest flood ever experienced in the Ohio valley/ ■A year ago thl# week it looked like uxty .feet of flood a t Cincinnati. Calls for aid went out but before an organ­ ization could be formed by tire Red original installation. Back in hotel CHITTENDEN f it yaW L 'wJi/y, etw utm ., 300 ROOMS The Chittenden, located only Area blocks from the shop­ ping end theatrical districts, Offers larfc, apacioes rooms and splendid service. from f ° s m te TheOaris and the ShowBoat, both rooms featuring toriertafameot,orethecentersof night life'inColumbus, ierye bedroomandprivatediningrooms are available. DEL COURTNEY, Maneger ONE OF THE SEVENTEEN We (lave noted much comment in the daily press of late as to the in­ terest being taken in *he wet-dry cause in Ohio. Since the election in November four out of every five elec­ tions held, the dry forces won. At the November elections the count was on the basis of 13 to one for the drys. The Ohio liquor set-up with its grafts Scandal and corruption, is certainly turning sentiment to the drys, without j effort on their part. We have a friend i in Cincinnati that supported (lie state ’ plan and repeal, of prohibition. Today | he with some neighbors are trying to ! block off some ten or twelve squares ! in the resident section to put all liquor j and beer parlors out of business. An , open air beer parlor and dance plat- - form nearly depopulated that section j of the city last summer. Residents jdo not propose to put up with it J another season. Another aiding a. j turn in sentiment is where the state j board issues A license for opening ! a beer or liquor joint even within a few doors of a church or school, HOTELS 5000 ROOMS IN 8 STATES MMM SOUTHSCKD, lHDtAHA. . . . . . . . OUTCS ..cmnrviwoaif - khdcuom . akmmom m w ra m t smuts . mwawa . tshwsmauts ^ ■■ .... -e. - ••• • ........................... wwHKXMH; imam,mottsom,mw*t*maoi MfltAft* ........................... VCKTDM Oitmmtono.ttaavcKr.ow m soeo WAOOTCXM,.., .,.*.1. *41*10* About the biggest piece of one I hundred per cent bunk was Ifie re­ cent jobless census taken by the government in November. Before the 1 c-pcri of. a single registrant ceu’d possibly roach Washington, probably a half dozen more were laid off dj*s » td the ‘ repression.'’ Taking the j census figures at more, than million unemployed, it must not" be j out of way to soy that government J repo) ts now indicate eleven million , me j bless. One of the ienues arising ‘ "from the census wnfi “Just what is j unemployment?” We have heard) various answers, even labor is not J pnanimoUs. Evidently such a ques*; tioii cannot be answered other than by | saying “jobless or unemployment is ' v.tore Die person has had no job in recent months, or if he had one, had been discharged and was unable to find another a t some kind of work,” If a person has a job and the Company, store or office has not sufficient busi­ ness to warrant his service,'that can he termed only a layoff, A young man from Akron told Us of his experience where he,was urged by a politician to equipped with the largest electric generating capacity in its history. During the past year the company added 25,000 kilowatts to the Killer’s Fohd station capacity. Since, the ori­ ginal Miller’s Fjord station was put tnto operation In Harch 1918 with a capacity of 25,09Q kilowatts, it win be seen that ’t o addition made during the past year is equivalent to the 1918 Cross it was only a few days until the water- had reached eighty fee?. AJ1 business in this section of -the country was paralyzed for a'month o: more due to the flood. Former Attorney General Edwar C. Turner, announces this week a a candidate for the Republican nom­ ination for judge of the Ohio Suprenu Court to fill the vacancy caused .by th* death of Judge Jones. Mr Turner i* a graduate of the O. S. U. with de- grees'of LL.B, and LL.W. He has had experience' also as ■prosecutor of Franklin county and four years'as Attorney-General. He is well quali­ fied as a member of (to high coiirt. Senator Bullctoy will have opposi­ tion for renomination in. the Demo­ cratic primary for U. S. Senator in former Governor George White.-With former Lieutenant Governor Charles Sawyer opposing Gov, Davey for his third term it looks like a big time among the Democrats this year. With a Democratic senate investigating committee exposing graft among Democratic office holders in high and low places, and the rottenness in the highway and liquor departments, it might be hard for Republican can­ didates to get a hearing this summer. Robert Dobbins has entered' Purdue College for short term course in agri­ culture FARM LOANS Lowest Interest Bates Fair appraisal, prompt service and attractive terms have re­ sulted In our organization loan­ ing more, than Seventeen Mil­ lion Dollars-to farmers. Phone or write and our representative will call. WINWOOD 1 GO. ' ' Fshlew-Tehaa Bldg. S U N G IttU i, O. 25,00(1 kilowatts looked like it would '.ake care of the business for- a long time, but each ten years since 1918 additional generating units have had :b be added. The entire new equip­ ment at the Miller’s Ford plant con­ sists^ besides a large addition made to .he building itself, of the first hy- Irogen-cooled turbo-generator ever to go into service. More than $3,500,000 were spent by The Dayton Power and Light Company in the development of is, electric facilities over a period of he last two years, Bes.dcs the Miller’s Ford plant iclivities, (to company expanded itf Longv/orth Street central heating' plan.t The company, supplies prac­ tically every downtown Dayton build­ ing with heating facilities and pro­ cessing steam. During the past year also the company purchased and is now occuping its own home a t 25 North Main. Street, this city, a nine- story building, four floors besides the main floor being: used for company offices. ■■ . ~ .Further modernization took place li­ the natural gas division of the com' pany during 1937. There were ex­ pansions of service throughout the company territory, as w e ll1as im­ provements- in mains on company property. ' - Subscribe for THE HERALD <T * as • Glaser’s Beauty | All Lines of BEAUTY CULTURE | | Shapoo, Finger Wave | | and Manicure _____.—75c | i PERMANENTS— $3 and $5§ f 517 First National Bank Bldg; I | Phone: M. 2U1-J or M. 1625-J I | SPRINGFIELD, O. | Killer Robinson Rose Stradner and Edward G. Robinson in “ The Last Gangster” - Edward G. Robinson and Rose Stradner, new screen beauty are the star# of “The Last Gangster,* a screen triumph ot blsstlng action and heart-stirring romance, wihch will open Sunday, Jan­ uary 33, for a two-day engagement at.the new deluxe Xenia Theater In Xenia. *.• i ■.;.:■■■ .' ■ ■* This rip-roaring story of flashing violence sued strange loves featufea scenes i>t action in a famous penitentiary, the inner work­ ings.^'Of-gangland, activities in a greet newspaper office and the dramatic struggle of a woman t o protecLher child, The famous Hollywood singing comedians, “The Cabin Kids," who have appeared in dozens of movies, will play a persons! ap- psarance engagement on the Xenia theater’s stage, next Tuesday, January 35 , . A complete screen program will be shown In conjune- . tlon ait popular prices.' Ill W H O S H O U L D B E C O N G R A T U L A T E D ? -* t t* •W hen friends have a new bqby . . . a birthday — some~good fortune, tele­ phone your congratulations.. It's 'so convenient, esp ec ia lly w hen your friends live in other cities. Makesihem ■ feel good. Makes you feel good, too. Night an d Sunday rates a r e lowest. 'Hie Ranger Steps h r "Wine, Women and Horses OOMiNOi Elenfre Vallay •am Danas Osan Ortsk « r i . m Sent* 'At Al) Hours! s i i U S f % %> 5. , ■ L o ^ l Kiss H i has returru ssvsral me visiting reb New York Dr, S. V, Bagmmsn, RitoMe o f 1 for several and Mrs. Main street A t the ai of The Cec and Loan . directors wo S, Townsley Bailey, in) Kr. W. Mr, Frank tended the i rishurg, Pa. until Thursc bi| ay Ti tr at Mrs. 'A. 0. hers and a & toy, fell som Thee home at She is con) Hospital and i m fu 101 d . Rev:-D. R. field, and M same city, e , , this month f • The Guthrie' Mr. and Mr.* will attend M. C, A. sec iwinter at S I I Dr. Leo. A' .annual meet.- narian As.* - Thursday ar .i Mrs. Arthi ^.surprise la (a number of the evening an extended tables of br the evening. , sented a des Cnmmings h itiotor for Si .will visit an< Mrs. C. L. feed and cos ill a t the ho miugton. M> there.when t- ihuch better 11 I . Mrs. Thom cn-tbe O’Coi very critical suffering fro i i F F 1 BI f HIGH Deak 1J BENNJ IElm Stree 1 i- SHOW: SUNDA Amei THER “Life Be TUESDAY BAR GE “ 8 ; I n T i * B . Y*a Be Give ' Aalt ot jp- 1 t