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■v. i -fi .- \ fAGBTWO. THURSDAY, OCTOBER 26. 193.r The Barnwell People-Sentinel JOHN W. HOLMES 1849—If 11. B. P. DAVIES, Editor and Proprietor. Entered at the post office at Barnwell, S. C., as second-class matter. SUBSCRIPTION RATES: One Year $1.50 Six Months .90 Three Months .50 (Strictly in Advance.) fc——. i mm ■■ ■■■ . ■!■ , i i i ■ ■ i i.i i i — ■ ■ ■ i — THURSDAY, OCTOBER 26. 1933. Our idea of a wasteful .spender is a mairied man who buys a letter opener. Wall Street doesn’t approve of President Roosevelt’s new gold market plan, so it must be O. K. Whatever Wall Street doesn’t approve of should be a good thing for Main Street. An Honest Dollar. Most people like to have their opinions concurred in by others—es pecially by authorities on any given subject—and we are no exception to the rule. The People-Sentinel has said on more than one occasion that the only sure and sane way to restore prosperity to this nation is to in crease the prices of commoditie* and other raw mateiials, and Irving Fsher, professor of Economics at Yale University say.-': “Most of this depression could have been avoided. Even granted all the speculation which went before it, and the boom and the overgrown debts and the ultra-high prices of stocks, nevertheless if the commodity price-level had been kept from falling, it would have been a tame affair and would have lasted only a few weeks.” He charges that efforts at reflation were thwarted a year ago by three men and that the then President Hoover was not one of them. f We have al-o maintained that the law of supply and demand doe* not ALWAYS control prices. Profess* r Fisher takes u similar viewpoint and points out that if the price of a com modity is fixed entirely by the supply of and demand for that commodity “then President R osevelt cou'd never raise the price level by any of th<* tools which Congress has put in his tool bag. . . . The price of wheat is not fixed by the demand and -upply of wheat ALONE. It Vs PARTLY fixed by the demand and supply of money. Money is, for most pe pie, overlooked entirely as a price deter miner. That is where the three chief obstructors of reflation la t year made their terrible mistake. “Suppose that the price <f wheat were expressed in terms of copper or silver bullion. Suppose, f r instance, that a bushel of wheat were worth three ounces of silver. It would l»e filly to say that a ri-e in this price of wheat in term- « f silver must be entirely due to an increased demand for wheat or to a decreased supp'y of wheat. It might just as well Ik* due to an increased supply of silver or to a decreased demand for it. “This is evident. It ought to be just as evident when the pr ice of wheat is expressed in gold. A gold dollar is almost exactly one-twentieth < f an ounce of gold, and when the price of wheat js a dollar a bushel, it L- the itt-ult not only of the supply and de mand * f wheat, but also of the supply and demand of gold dollars—and of the substitutes for them, namely, paper dollars, and the dollars we have, or think we have, in banks and pay out by check. “ • - . The supply and demand of DOLLARS fix the GENERAL, OR AVERAGE PRICE LEVEL, and the supply and demand of WHEAT fix the extent to which the price of wheat is OUT OF LINE WITH THE GENER AL, OR AVERAGE PRICE-LEVEL. “Most people still imagine that all of the fall in the price of wheat since 1926 is due to a superabundance of wheat. This is not true. Ma-t of the fall was due to the SCARCITY OF DOLLARS CIRCULATING. “Congress could raise the level of prices overnight a hundredfold Simply by decreeing that a cent should be a dollar; and President Roosevelt can double the price level by cutting down the gold in the dollar by one half. Either of these procedures, of course, would be wrong—they would be going too far. But the point is, the price lervel can be anything we choose to make it. “When we do raise the price level and then fix it peimanently, we have simply FIXED the value of the DOL LAR, just as we have long ago fixed every other UNIT of MEASURE, such as the YARD-STICK and the » KILOWATT. “Hitherto we have stupidly made the mistake of fixing the WEIGHT of «*r dollar. Only occasionally have we consciously influenced the VALUE of the dollar; .namely, after the Civil War, and after the World War, when we consciously deflated our cur rency and thereby restored to each dollar some of the value which it had ju?t lost. And again, beginning with 1922, under the leadership of Governor Strong, of the Federal Reserve Bank of New York (and until his <Wth,) the Federal Reserve Banks maintained a nearly constant value for the dol lar. Governor Strong died in 1928, and his death was apparently hasten ed by the realization that his stabiliz- tion prices were not being followed after his retirement. Had he lived an,d continued in office we would not, in all probability, have had this terri ble Depression. “But the best example of controll ing the price level (which means, as we have seen, controlling the value of money) is found in Sweden. * Since SWEDEN went off the Gold Stand ard, in September, 1931, . ; he has CON SCIOUSLY and AVOWEDLY MAIN TAINED a CONSTANT LEVEL of PRICES—constant within 2 percent. “Sweden can control her price level and is doing it. We can control our price level and must do it—if we want to avoid such Depressions a* thrs.—{* X “Some of my readers may be in credulous. It (does Stem incredible that our BANKERS and GOVERN MENT could have been such ‘ECONO MIC ILLITERATES as to NEGLECT to FIX our UNIT of VALUE when it can so easily be done. They have, with few exceptions, thought it could NOT be done, because supply and de mend would not permit—forgetting that we can always control the SUP PLY of MONEY. ... It would have been far easier in 1929 to have prevented thi* Depression than it is now to cure it. The fact that the op portunity was then mis-ed is a terri ble INDICTMENT of the IGNOR ANCE of some people. “I hope 1 can dispel another false notion—that Inflation must be wrong l>ecause it is artificial. .. . . On the contrary . . . only thus can we .-tabilize the Chief Yardstick of Commerce, the dollar. An honest dol lar is a matter which concerns every man, woman and child. An Honest Dollar must lie Stable in Value. Our Gold Dollar is not such a dollar. Technica’ly, the repeal of the ‘Gold Clause’ is repudiation of debt—but of DEBT in DISHONEST DOLLARS.” All of the above i- especially inter esting in \iew f President Ro seveil’s remarks Sunday night in reference to “a controlled dollar.” He announced % a* a polii y and not an expedient the. plan of buying and selling gold, which we take to mean that he intends to contr"| the value of gold rather than continue to allow gold to con trol prices. A re-ume of his radio address tppears in this issue. JUST IMS— SHOWBC HIS COUSIN THE TOWN! »T 44 Carttr Treasurer’s Tax Notice v The County Treasurer’s office will be open from September ’ to March 15th, 1934, for collecting 1933 taxes, which include real and p sonal property, poll and road tax. \ All taxes due and payable between September 15 and ecem er » 1933, will be collected without penalty. All taxes not paid as sta e w. be subject to penalties as provided by law. January 1st, 1934, one per. cent, will be added. February 1st, 1934, two per cent, will be added. March 1st to 15th, 1934, seven per cent, will be added. Executions will Ije placed in the hands of the Sheriff for collection a ter March 15th, 1934. When writing for amount of taxes, be sure and give .school district if property is in more than one school district. All personal check s given for taxe s will be subject to collection. V -M ce CO >> 4-> e p o o CO G ”5 t- o CO c ^ C O rt CQ ^ * O £ •E in M T3 C o pa T5 C ■*> M . CO Oh CO C o * I o O CO Cl o o 0> u W H O c -1 No. 24—Ashleigh No. 33—Barbary Branch No. 45—Barnwell __1_! wheat products is off about 30 per cent, meaning a bigger wheat surplus, and match stems are being used for toothpicks. That will never do, folks. Spend your money; if you have none, spend it anyhow’. No, 4—Big Fork ... No. 19—Blackville __ m regular wearing apparel instead of . No Grove shrouds, etc. Were You There?. Everybody Else Was. I went to a football game the other day. Times are so hard, I had to park my car nearly a mile from the park; and ca-h is so scarce, I had to stand in line 45 minutes before I could get anybody to take my $2.20 for a ticket. When I finally got in, I had to sit so far from the game, I couldn’t tell whether it was men or women playing. My! How this cld country of ours is suffering. Today and Yesterday. I watched a bunch of small hoys at play today across the street from my office. There were four cf them, I was smoking a cigarette; he w'as about 6 year? old, 1 wa- shooting an air rifle and the other 2 had parked their bicycles on the curb and were punting a football that must have cost $3.00. When I was about the age cf these bi.ys, I was playing, no doubt, with three companions. Our principle .-port was catching grass-hoppers, chasing snake doctors, killing lizards, climbing tree.-, digging d .odles scoop ing up smell-bugs, climbing t.ee\ fighting yellcw jackets and going in u-wading. Nobody’s Business By Gee McGee. As a Last Resort. If the depression has not been entirely cured by the time this ap- pears in piint, 1 suggest the follow ing ideas fi r the consideration of the govei nment: 1. Inflate currency to get us out of debt. 2. Recognize Russia. 3. Unrecognlze France. 4. Remove proces ing tax on cot ton and wheat. 5. Stop selling new bonds. 6. Fay the farmer* a fair price fer their stuff -7-. Reduce the-postage rate and make, more money. 8. Use college professors (for ad vice) sparingly. 9. Plow up every other public of fice. 10. Let Wall Street alone. 11. Require Federal permits t > glow cotton and wheat. ^ 12. Keep bur hands and face clean. We had “trophy” contests back then, but we didn’t kgow it was “tro phy.” We called it a race to see who could get the most. I lead the crowd in getting grass-hopper legs; I^have had as many as 375 in my pockets at one time. None were c unted except the big saw-leg lypess. Only babies caught little graa--h( ppers. We gathered lizaid tails, frog toes, snake hides, eel eyeballs, and rabbit tails; by the way, we woie rab bit tails pinned ento our shirts with a thorn for brea.-t pins. Streakfield legs were very valuable; those insects were hard to catch. All of us gen erally kept a large supply of June bug wing- in season. We had plenty mud-tuitle snouts also; we used them to scratch cross marks on the buik of trees, barn-walls and so cn. Uninvited Advisers. .1 was deeply impressed by a speech made to a bunch of “tillers of ' the soil ago; My father ran ITTffacksmith shop a* a side-line to the farm. I never carried less than 2 pounds of horse- -hoe ends, 3 pounds of old nuts and washers, and* 4 pounds of nails, screws and harness buckles in my pockets when roaming around. All of the boys teamed to smoke cross-vine on the sly when rabbit tobacco was scarce. We had no matches, and had to tote a chunk of fire around with us all day if we w’a^ted to do any smoking. Fire was mighty scarce when I was a kid. at the court house not long 'i his idea was to tell them w’hat to do and when to do it; here’s what I gathered from his 30-minute talk: ‘‘Gentermens and Ladies:— Blah-blah-blah blah-blah blah, Blah-blah-blah blah-blah blah, Blah-blah-blah blah-blah blah. Blah-blah-blah blah-blah blah, blah-blah-blah.” (No applause.) Bro. Johnson Will Get You. Lots of us are not doing our full duty in the support of the NRA pro gram. Since the barbers raised hair cuts, some folk.? wait a <few weeks longer to have tonsorial work done. Ten-cent shoe-shines have increased home shining. High-priced overalls have put plenty women to patching. Old dre.-ses are being made over. ....Our “specialty” collection consist ed of fish fins, fish bladders, fish scales and gar fish head ; . We wetre fond of • owning squirrel tails and the wings | of the leather-wing bat. Most of us | canted ajbottle of horntes around with us when we could catch them, but that wa* for brave boy- only (like me) and it was consid^Ved dangerous business, the aforementioned items consisted cf a goodly number of play- thins children enjoyed when I was nearing school age. Believe It or Not. I was 11 years, 9 months, 3 weeks and 4 days old when I got my firct store-bought suit of clothes; it was bought to bury me in, I having suffer- I played a trick on fate and got well in 6 months. As soon as I got able to go places, I dolled up in my pretty suit of brownish black nap- cloth. It became so fuzzy after my first trip out, I looked like an oozy- oozy when I got home. I w’as proud of them clothes though. I took a pair cf scissors and sheared the coat and pants and they both looked very well, I thank you, after I got through. During my second "going-cut-dressed up,” 9 but tons fell cf and the trousers ripped so badly I had to walk home back wards. T got caught in a shower on my next venture away fr m home, and that -uit faded so had my folks didn’t know me when I got home; I Icoked more like an Indian than I did a mul- latto, but the dog* thought I was Ed, the colored boy who shucked the oxen and fed the mules when I wasn’t to home. No. 50—Diamond No. 20—Dpuble ^Pon^ No. 12—Dunbarton- • No. 21—Edisto No. 28—Elko ’^No. 53—Ellenton No. 11—Four Mile No. 39—Friendship No. 16—Green’s No. 10—Healing Springs No. 23—Hercules No. 9—Hilda No. 52—Joyce Branch _*.■*. No. 34—Kline No. 32—Lee’s j 5 No. 8—Long Branchy No. 54—Meyer’s Mill No. 42—Morris No. 14—Mt. Calvary No. 25—New Forest No. 43—Old Columbia No. 13—Pleasant Hill No. 7—Red Oak No. 15—Reedy Branch No. 2—Seven Pines No. 40—Tinker’s Creek t) 5 4 4 1 3 12 29 5 4 4 1 3 30 47 5 4 4 1 3 29 46 5 4 4 1 1 3 18 35 5 —4— 4 1 3 20 37 5 4 4 1 3 27 44 5 4 4 1 3 14 31 5 4 4 1 3 1 19 36 5 4 4 1 3 27 \ 44 5 4 4 1 3 8 25 5 4 4 1 3 26 43 5 4 4 1 3 7 24 5 4 4 1 3 8 25 5 4 4 1 3 14 31 5 4 4 1 3 19 36 5 4 4 1 3 20 37 5 4 4 1 3 27 44 5 4 4 1 3 35 1 52 5 4 4 1 1 3 26 43 5 4 4 1 . i 3 |> 18 35 5 4 4 i 1 3 10 27 5 4 4 i 3 17 34 5 4 4 i 3 21 \ 3?* 5 4 4 | i 1 3 12 29 5 4 4 i 3 27 44 5 1 4 4 i 3 27 44 5 4 4 ! i 3 19 36 5 I 4 4 i j 3 26 43 5 4 4 i \ 3 14 ! 31 5 1 4 4 i 3 16 33 5 4 ( 4 I i 3 14 1 31 5 1 4 1 4 i 3 12 i 29 5 1 4 4 i 3 16 33 5 4 4 i 3 j 26 43 5 4 4 i r* o 31 4" I had my clcthing worked on during that week, and while the suit was streaked and stiined, it still Icoked better than any cf the ho-made suits at church. The pants leg* had drawn up so tight circulation was entirely stop|>ed from my hip* down and I had to hop ha ! f of the time. The mat collar was full cf horse hair tnd (hey sawed the blood out cf my neck.j ed a very serious accident. It was Flour is to high, the consumption of common in tho-e times to buiy folks i,! never saw clothes change so: some days the rest wa* too tight on me, and barely reached the northern p rtion of my hips, hut after wearing it «ut in the sun for a few hours, it almost reached to my knee* and my britches operated on the «ame sched ule; lots of times there would be a space of 4 or 5 inches betwixt my cort and britches, but pretty socn— they wou’d meet again and stay on g od terms till the weather changed. Except for rip-’, buttons falling off, fading, drawing up and expanding, that funeral suit was a pretty nice affair, and I enoyed and appreciated it. Special Low == Prices on all ' s Waves and Beauty Treatments We are offering our work at the following ATTRACTIVE prices for the next two weeks: $10.00 Oil of Tulipwod Wave for $6.50 r . $7.00 (Genuine) Frederic . Vita Lonie Waves for $5.00 55p French Method Waves $2.50 Manicure —.50 Facial .75 Tweeze f .25 Eyelash and Eyebrow Dye, each .25 Violet Ray Scalp Treat ment, each $1.00 Or Six for -.J. — $5.00 All work done by experienced operators. The Barnwell Beauty Shop Main Street, Barnwell, S. C v ADVERTISE IN The People* Sentinel. The commutation road tax of $3.00 must be paid by til male citizen- bei ween the ages of "it and 56 year*. Adi male t tuzen* between the ugi*' of 21 and 60 ycat* are liable to poll tax of $1.00. Dofj Taxes for 1933 will he paid at the same time »ther taxes are paid. % It is the duty of each school trustee* in each school district to see tha: this tax is collected or aid the Magistrate in the ’enforcement of the pro visions of thi H Act. Check s will not be accepted f r taxes under any circumstances except at the risk of the taxpayer.— (The County Treasurer reserves the right to held all receipts paid by check until said chinks have been paid.) Tax receipts will be released only upon legal tender, post office money orders or certified checks. J. J. BELL, County Tree*. REMEMBER— When we clean your clothes you can feel sure that they have been clean ed the proper way—the most sanitary way. Our cleaning fluids are known to be the BEST. Don’t forget about your Rugs. Have them cleaned before its too late. Plexico’s Dry Cleaners Barnwell, S. C. USE NRA ON YOUR STATIONERY THE PEOPLE-SENTINEL HAS CUTS WHICH MAY BE IM PRINTED ON BUSINESS STATIONERY OF ALL NRA — \ MEMBERS WHO ARE QUALIFIED TO USE THE EMBLEM. Send. Us Your Orders r~4v- ACCOMPANIED BY A STATEMENT THAT YOU HAVE SIGNED THE PRESIDENT S CODE. ATTACH ONE AND . . 1 • A HALF INCH STICKER TO THE STATEMENT ' - j The People-Sentjnel j ^q..vpa toft(rf ftl 1 ADVERTISE IN THE PEOPLE-SENTINEL.