yy DALLAS POST, DALLAS PA, FRIDAY, JANUARY, a 1933
By Harvey
have recently
They have
which they
The de-
built
and
rm ganizations
lished something.
greed pon a program,
ver: done heretofore.
are still hazy, but it is
nd. cotton, wheat, tobacco
, on some type of domestic allot- |
: This plan will work although
hases of agriculture will howl
They, however, stepped out of char- |
acter ‘when passing a resolution call-
ing for a Monetary Stapilization Board
in the Treasury. The thought being
= 10% adjust the volume of currency sO as
to keep farm commodity prices stable.
say they stepped out of character be-
use there is ample room for infla-
on without changing the gold con-
rea
However, there is another. phase of
eir program I am heartily in accord
ith, and that is the restatement of
rm mortgages, In other words, re-
i mortgages in terms of present
: alues, It is suggested that an ini-
tal appropriation of $250 millions be
e to set this scheme is motion.
am afraid, however, too much time
2 been lost and this program is en-
irely too ambitious and comprehen-
sive to ‘gain final passage during the |
) ent session. Then again President |
150 ver would certainly interpose a
eto.
| One thing the farmer can be assur-
ed of. The dollar now seems impreg-
ble and with gold flowing back in-
‘this Country, it further fortifies the
Federal Reserve and permits a great- |i
onfidence in the whole credit sta-
Tt seems to me there will be a
prices
he export of sold which caus-
panicy conditions last spring |
Fer ‘such favorable conditions if
$ odity prices do not rise within
next few, months, it is inevitable
} will be a resort’ to legislative |
ods “to make them rise.”
“interest to the farmer and the |
nite as well, should be the new
her and rived shingle process now
‘made by the world’s largest cy-
> , the Burton Swartz Lumber
nD, ny, of Perry, Florida. If this,
duct, “Wood eternal” ‘performs as
ras recently explained to ‘me, it
Frag, 31s
ld save countless millions each
ear by eliminating fire-hazards,
roofing and other expensive construc- |
items. Building has always and
- FRIDAY NIGHT
— TERRY —
AND HIS
Nightingales
Meridian Hall
DIES 25c GENTS 35¢
JOHN YAPLE
‘Justice of the Peace
Church Street, Dallas
Rents Collected — Affidavits
FERN KNOLL
“A Burial Park”
: Fern Knoll is developed on
the Modern Park Plan. Its
_nurves ard drives as well
as its carefully selected
landscaping plans, blended
with a natural setting all
‘provide for a spot of un-
usual beauty—A Park.
Prices Modest-Terms Convenient
. L. A. McHenry
Agent For Greater Dallas
re- |
W. Sieg
lalways will,
in our economic life and every step
towards home building and home own-
"ing as well as preventives against fire,
fungus and rot, will
to our national wealth,
materially add
The war debt situation has now as-
sumed proportions whereby the tail is
, wagging the dog, instead of the dog
wagging the tail. Irrespective of
“bally-hoo” for or against, one thing
stands out clearly — our huge for-
eign investment depends greatly upon
Lour own recovery. Whether we like
it or not, facts are facts, and the old
axiom about murder will out, has be-
come more apparent in the European
| debt entanglement.
| On September 14th 1931, T wrote that
| France, despite her gold, would have
her troubles and today she is having
plenty of them with more to come. Up
to the present time there has been poli
ical hesitancy, to tell: the French
i people the truth regarding their finan-
cial conditions, but Premier Boncour,
[who succeeded Herriot, seems deter-
| mined to do so, regardless of conse-
i quences. If he oes, his cabineff will
Loe shortlived, but at the same time, it
{may accomplish some needed, though
unpopular
|
reforms,
unpleasant sacrifices,
If the various items which do not
[figure in the formal French budget ac-
| counts were included, the real deficit
|of France would run between 20 to
| 25 billion franc’s this year. Now hera
is where the tail wags the dog. The
French people have béen noted,
for their ability
for
Vvears, to dodge tax |
| assessments, but even so they are tax- |
led, and taxed heavily, and any new
burdens upon the people would be re-
sented if not refused.
Tt sums up like the travelling sales- |
| man aE his new suit. of clothes in his
| expense. - account. Taking the income
tax alone, a reliable neutral authority
shdws the French head of a family,
with one child, and an income of $5,- |
1000, pays approximately nine times as
much income tax as the same man in |
|the United States. This is not a de- |
[fence of her default on December 15th,
for France had the capacity to pay,
land see it we will ever
if so, how.
From 1915 to ithe end of 1931,
get aid, and |
the
eign bonds,
(lion.
bought by our people, the
This includes war «debts, for-
{ purchase of property abroad and the |
| buying of their internal
securities.
or
The next step in our ana-
is how this
transferred abroad.
It was done in 4 ways, ie. the pay-
| lysis huge
they owed us, rendering service to our
people abroad, accumulation of foreign
balances in America (meaning deposi-
ting money or gold in our banks for
ment of goods from the United States
abroad.
Going one step further, we find that
lof the $25 billion we invested abroad
over a period of 16 years, practically
all of it was spent by such nations in
buying our commodities, for our fav-
orable trade balance during this per-
iod (meaning the excess of exports
over our imports) amounted to around
| $28 billion. In other words, Europe
bought from us the $25 billion we loan-
ed them and an additional $28 billion
beside.
We next ask ourselves how were
they able to do this. We must then
consider the invisible exports and im-
ports.
American tourists, immigrant
remittances, as well as charitable re-
X
occupy a prominent role
and effect some |
United States invested about $25 bil- |
domestic |
amount was |
ment of principal and linterest on debts !
their account) and through the ship--
| NOT BAD FIGURES
prate the New Year at Long Beach,
Calif. Little New Year told the hour
in the Long Beach pageant, as Father
Time held the gong. Patsy Du Ree
took the role of the New Year while
A. A. Miller impersonated Time.
lurged to be present.
A ‘human clock ‘was used to cele-:
mittances, contributed greatly to their
ability to pay for the excess of our
exports over imports.
As long as business was good and
our people were willing to invest sub-
stantial sums abroad, foreign coun-
tries experienced no difficulty in get-
ting the dollars to pay us with. Since
1931, however, our outflow of capital
has stopped. Immigrant remittances
and tourist expenditures drastically
declined. We also withdrew
short-term funds from abroad.
happens? They now find it a:fficult
with their depleted currencies to
[fransier local exchange into’'the Am-
lerican dollar. 'As a result many de-
‘faults have occured.
The eyes of the world seem to be
| focused only. on France and England.
{It might interest you to know that the
{following countries have defaulted on
I their interest payments (to say noth-
iing of principle) to the extent of some
{One and one half billions 6f dollars.
our
What
And they are by no means confined to |
{the Eastern hemisphere. They in-
[clude ‘Argentina Austria, Bolivia, Bra-
'zil, Bulgaria, Chile, Colombia, Costa
| Rico, Eucador, El Salvador, Greece,
[Funsary, Mexico, Peru, Russia, Swed-
’ | en, Uruguay, Yugoslavia.
| One and one half billion dollars is a
yhut merely our efforts to dig for facts,
jlot of interest
{people to lose,
for the ‘American
but ‘that's “what #*
Ee iounty to. Couple this with some
of our debtors including Eng-
land, France, Italy, Germany, Belgium,
major
ete., and you get a pretty good idea of |
where we stand. |
|" That’s the problem which confronts |
the administration. Will
these countries ever be in a position
to resume interest payments, either in
rowed from our government and our
{full or in part on monies they ber-
(investing public? The answer de-
pends primarily upon our future econ-
omic relationship with the remainder
of the world, hence I reiterate the an-
incoming
swer lies in our own economic recav-
ery.
* We have seen in the foregoing para-
| graphs that the proceeds of our loans
to debtor nations ‘ were transferred
chiefly in the form of commodities.
This, in turn, increased production in
the United States and gave employ-
ment to a large number of our people.
Foreign debtors took these commodi-
ties and increased their own produc-
tive capacity.
They can now repay us, but they
must be permitted to repay their debts
either in commodities or in services.
Gold is out of the question. United
States and France have today over 60
percent of the
world’s
stock.
So you have it in a nutshell. We
monetary
EXPERT
KEYS WORKMANSHIP
JOHN'S — Shoe Repair Shop
747 Wyoming Ave. Kingston
First National Bank
~ PUBLIC SQUARE
‘WILKES-BARRE, PA.
g United States Depository:
Surplus and undivided profits
Officers and Directors:
Wm. H. Conyngham, President
©. F. Huber, 1st Vice President
bapital Stock $750,000.00
kurplus and profits ....$2,100,000.00
eo. R. Mclean, 2d Vice President
Francis Douglas, Cashier
PB. W. Innes, Assistant Cashier
: Directors.
ichard Sharpe Edward Griffith
'N. Loveland C. F. Huber
. H. Conyngham Lea Hunt
teo. R. McLean F. O. Smith
&Ancis Douglas T. R. Hillard
Wm. W. Inglis
Safe Deporit Boxes for Rent
8 Per Cent Interest Paid On
Savings Deposite
First National Bank
DALLAS, PA.
a » ® :
A
Membe:s American Bankers’
Association
%* * »
DIRECTORS
R. L. Brickel, C. A. Frantz, D. P.
Honeywell, W. B. Jeter, Sterling }
Machell, W. R. Neely, Clifford W.
Space, A. C. Devens,
OFFICERS
D. P. Honeywell, 1st Vice-Pres.
C. A. Frantz, 2nd Vice-Pres.
W. B. Jeter, Cashier
* kk
Three Per Cent Interest
On Savings Deposits
No account too snail to assure
careful attention
Deposits Payable or Demand
Vault Boxes for Rent
Self-Regisicring Savines Bank Free
11.00 Will Start An Account
IRA D. COOKE
Professional Land Surveyor
ENGINEERING
Penn’a Register No. 4104
s SUCCESSOR TO
CHAS. H. COOKE, Dec'd
Phone, Dallas, 126. Dallas, Pa.
x |
—Shavertown-
Brief Mention
The volunteer fire - will |
meet at the local school on Monday |
night at 8 o'clock. All members are |
Installation of |
{
|
x |
|
.company
officers will take place.
Mrs. J. W. Williams, will celebrate
her 83rd birthday ‘anniversary at the
home of her daughter, Mrs. Ernest |
Keller of Pioneer avenue tomorrow.
On January 19, Mr. and Mrs. Williams
will observe their 57th wedding an-
niversary. ? : :
Dr. and Mrs. J. W. Hawley, mis-
sionaries from the Methodist Tisaton
field in the Malay Peninsula, visited at |
the home of Mr. and Mrs. Ralph Smith |
during the past week, They will
spend the winter months in Florida.
George Weitzel has returned to his
home here after spending the - past
week with relatives in Patterson, N.
J, and New York City. Mr. Weitzel,
is 84 years of age and made the trip
unaccompanied.
Mrs. Harry Beck has been removed
to her home from General hospital
where she submitted to an operation.
Mrs, Arthur Lee has been removed
to her home from General hospital
where she has been under observation. !
Girl ‘Scout Contest
A contest will be conducted for all
Girl Scouts who submit action pictures
of scout activities. Any number of
pictures may be submitted by any one
scout.” The pictures are to be sent
to scout headquarters, Anthracite
building, Wilkes-Barre. Competition
started January ‘l and ends September
1. The scouts taking the be§t pic-
tures will be given a course in photo-
graphy by a prominent photographer
at the close of the contest.
Junior Play
The new year heralds two events of
importance to the people of Kingston
township and vicinity: the presidential
inauguration, of national interest, ana
the inauguration of “Miss Somebody
| Else,” by the Junior class of Kingston
township high school, of real local in-
terest. The class is fortunate to have
as coach, Miss Hilda Staub. Action?
Yes- The Junior class, Miss Staub,
and Miss Somebody Else.
Age Resident Dies
Mrs. Jennie M. Still, wife of William
HY Still, aed 79, died at the family
| home on Main street, last Saturday
{morning following an illness of cor--
| plications.
Mrs. Still,
is survived by her hus-
(band, William an the following chil-
dren, Harry, proprietor of the Ium- |
| ber vard here bearing his name; Mrs.
| BE. BE. Hallock, and George Still, ali of |
Shavertown and Mrs. Leroy Van Cam- i
pén, Wyoming.
The funeral was held on Monday
{afternoon at 2
home, services was conducted by Rev.
D. M. Corkwell, pastor of the local M.
E. Church, of which she was a mem-
ber. Burial was in Wardan Cemetery
Dallas. “%
Mr. and Mrs.) C. B. Randall, son
i Gordon, daughters Arvilla and Naomi- |
etta of East ‘Dallas were recent din-
ner guests of Mr. and Mrs. H. A.
Randall,
sold them goods, and that's the way
they will, and the only way, they can’
bay us back. Hence it is self-evident
and apparent that the future of this
Country's huge investment,
depends to a large extent on the abil-
ity of our people to consume foreign
imports, spend more money in tourist |
travel and increase immigrant and |
charitable remittances. To do this we
must again return to a normal
not artificial prosperity,
The truth oft’times hurts, but
the foregoing you have the truth.
we expect to get paid, it will
through our own financial, economic,
and diplomatic © ingenuity. In the
meantime, debts — debts — debts —
continue as the World's jailor.
foreign
and
i
in
If
be
MARANA
Our printing draws
attention. Give us a
chance to prove it
10
PER PERSON
49th ST. Just off B'WAY,
1st DAY—
2nd DAY—
3rd DAY—
Roxy's. Lodging.
Breakfast, Lunch, Sight
tainment at the famous
DAILY .
will give you 3 glorious days
in NEW YORK
including hast reom accommodations, meals
and added attractions at either the
HOTEL
PLYMOUTH -- PRESIDENT
1000 ROOMS —ALL WITH BATH, SHOWER AND RADIO
SELECT ANY 3 DAYS, INCLUDING WEEK ENDS AMD HOLIDAYS
Arrive any hour during the day, Dinner and ticket to
Breakfast, Visit to Chrysler Building Tower, Luncheon,
Check out of hotel any time before 9 P. M.
The specified days for enjoying the attractions
may be changed to suit your convenience.
ER
WRITE TO EITHER HOTEL FOR RESERVATIONS
FEATURING Delightful Large Airy Rooms with Bath, Shower and Radle
$2.50 Single . .
48th ST. Just off BWAY.
Seeing bus trip, Dinner and enter
Hollywood Restaurant. Lodging.
$3.50 Double
o'clock from the late |
_Hi un tsville-
The business meeting
Bible Class of ' the M.
chool will meet with Mr. and Mrs. C.
M. Pettebone next Tuesday evening.
Community Bible Class will meet in
{the Christian church next Thursday
evening.
Mr. and Mrs. H,
tained at dinmer
Mrs. 0H. F.
A. Randall enter-
on Monday Mr. and
Reilly, daughter, Doris,
Mr. and Mrs. Harlow Pettebone,
daughter Marlyn, of Forty Fort.
Bruce Hadsall, a former resident of
this place is in Nesbitt Memorial hos-
pital, suffering from a broken ankle
and bruises received in an automo-
bile accident in Kingston on Saturday
evening. ETE
Mr. and Mrs. Paul’ Eckert of Shav-
ertown spent Tuesday evening with
Mr. and Mrs. Harry Edwards.
Ruth May Hazel and Harold Elston
visited Hazel and Nettie Bulford on
Sunday.
Mr. and Mrs. Joe Levine spent Mon-
day with Mr. and Hrs. 'A. J. Had-
sall.
Kankic News
William Conden visited his
Jacob who is seriously ill.
Mrs. Frank Smith is ill with intes-
of TLeh-
son
tinal influenza. Dr. Brown
man is attending her.
Mrs. Forrest Kunkle is recovering
from a severe: attack of the flu.
Mr. and Mrs. Marvin Elston en-
tertained with a family dinner
Christmas Day. Those present were
Mr. and Mrs. Ralph Elston, Dorothy
Gomer, Marvine, John, Estelle, ayne
and Gene Elston, Mr. and Mrs. Ralph
Hess, Doris and Janet, Louise Hess.
Mr. and Mrs. Stanley Elston, Helen,
Lena and Eleanor Elston of Beaumont
Mr. and Mrs. Owen Ide, Jane and Don-
ald Ide, Walter and Raymond Elston,
Mr. and Mrs. Marvin Elston.
Mr. and Mrs. Ralph Ashburner and |
| sidered a decided
Nelson were. the
guests of Mr. and Mrs. William Weav:
er at dinner on Sunday.
son Bobbie and
of the ae
Sunday | ;
{Improved Blend
on. g
PAGE TH REE
Er
New Coffee Tin :
Introduced Here
of
Coffee Packed in New
Vacuum Can by Ameri-
can Stores Co.
RE Is
FAMOUS COFFEES USED
A new type vacuum container has
been adopted by the American Stores
Company, well-known grocery concern,
for packing one-pound units of Acne
Coffee.
The essential difference in this
type vacuum tin, which keeps
fresh indefinitely until opened, ds in
the pry-off lid, providing easy, quick
access to the coffee in the can. i.
Such a patented construction mak:
it possible to pry off the lid with onl
a little pressure, remove the desires
amount of the contents and ther
tightly re-seal the can again, a feature
new
which materially aids in preserving.
the coffee freshness after it reaches
WL
the home.
Coffee experts of the grocery qom
pany say of the new Acme
“Many months were spent in -experi-.
mentation, research, and testing in an"
attempt to develop a blend that would
he distinct by virtue of its
quality and aroma. We are satisfied
that our objective has been a0eony
plished. HEY :
“Acme Coffee is now a selact blend
of South American and Certified Ara-
bian Mocha and Java coffees. 3
“Mocha and Java. coffees have al
ways been considered the finest grov
However, the crop is small and wi
therefore sought to combin
them. with the very best South Amer
can coffees that would. make a perfect
blend. Ax :
“At the same time the
Acme blend was being developed, we
also looked for an appropriate
tainer,
have
This new vacuum tin 1s cox
tightly. (
Ushering ie New Your in with a
Fine Array
of Values
We thank you for your patronage during
the past year, and assure you that we shall
use every effort in the year ahead, to bring
you the same unusual service, satisfaction and
Quality Merchandise.
Shop this Year the
asc Way and Save
ASCOFinest
Tomatoes
No. 2
3 25¢c
cans
Sound, Sun-ripened tomatoes.
{ASCO Tomatoes
2 No. 3 cans 25¢
Household Needs — Specially Priced . . .
Reg. 19c &5€0 Ammonia
Reg. 17c Galvanized Pails
American Toilet Tissue
Scott Toilet Tissue
Ivory Soap
Ivory Soap
Ivory Soap
Choice California
Peaches
Big Pamily Loaf
Bread Supreme
Halves or slices — in a rich sugar syrup.
Unbeatable Bread Values | Sih
Victor Sliced Bread
Delicious golden crusted loaves — baked in
our own modern bakeries — Try a loaf today.
~ These Coffee Values Cannot be Beat . . .
Victor Coftfee
An excellent grade of Santos. Mild and mellow. Big value
qt. bot. 121/4c
each l4c
4 rolls 19¢
3 rolls 22¢
4 guest size cakes 14c
4 small size cakes 19c
3 large size cakes 25c£.
3 22200
large
cans
on 21c
asco Coffee
‘A heavier blend of fine Coffees — the choice of millions.
1b. 23c
Ritter Cooked Spaghetti
Phillips Delicious Spaghetti
California Sardines
&85C0 Table Syrup
{&SCO Pancake Flour
Instant Postum
Grape Nut Flakes
Grape Nuts
ASCO Buckwheat Flour
SCO Finest Sauer Kraut
Large Dried Lima Beans
Calo Dog Food
Calo Cat Food
Acme Coffee
Now vacuum packed, preserving all the rich,
fragrant coffee aroma.
29c
can. Sc
can Sc
2 cans 15¢
2 cans 19¢
2 pkgs 13¢c /
sm. pkg. 22c; lge. pkg. 37c
pkg. 10c
pkg. 16¢c
2 pkgs 13c~
2 cans llc
2 lbs 13c¢
3 cans 28¢c
3 cans 28c
Shop this Year the &SCO Way and Save
| These Prices Effective In Our Stores 1
i Ballas and Vioinity.
Acme °
coffee
blena," a
flavor,
improved
cons
improvement over
the vacuum tin that has to be opened
with a key and which does not reseal” |
&
5
}