From the editorial page of The Journal-Patriot, North Wilkesboro, N.C., April 3, 1933. J.D.
Carter and Julius Hubbard, were publishers, and the paper’s slogan was
“Independent in Politics”
Ashe Banks Open
Opening of the Bank of Ashe at Jefferson last week placed
Ashe County in the favored class of counties which have all their banks
functioning again after the banking holiday. The First National Bank of West
Jefferson was one of the first banks in the state to open, being granted
license in the first list.
The Journal-Patriot
congratulates and banking institutions and the county. Ashe County is within
the North Wilkesboro trading territory and her people and the Wilkes people do
business with each other with mutual benefit.
Normal banking operations there will be an aid to local
business and aside from our purely selfish interest, we are glad for the sake
of the fine people who reside in that county.
In Agreement
In the light of our oft repeated expressions regarding
payment of the Allied war debts, it is quite natural that we should find
ourselves in agreement with Secretary of State Cordell Hull, who last week
declared that this nation “might not consider defaulting nations” in the
forth-coming conference on the debt problems.
The ability of France to pay is a known fact. Yet she has
defaulted, contending for further adjustment in the debts.
Great Britain, while desiring a debt conference, paid the
installment when it became due, setting an example which other nations should
have followed. The policy advanced by Secretary Hull meets the approval of the
public generally, we believe.
A Dangerous Policy
Against Jews
The wisdom of the new German government is open to question.
However, the rest of the world can only look with alarm at the policy which
seemingly is intended to eventually deprive the Jewish people of representation
in the government and to relieve them of property rights. Reports are
confusing, of course, and perhaps do not tell the whole story. No news which
does not meet the approval of the government is permitted to go out over the
telegraph wires.
Jewish people are in the main a people without a country.
They are scattered throughout the earth and their right to be citizens of
Germany is upheld in the opinion of the world.
The greatest of all Jews, whom the Jews themselves rejected,
gave to the world a rule which should be applied in the treatment of our
fellowman. Germany might well give the Jews the same treatment which they would
themselves desire were conditions reversed.
Upturn in Economy Is
Reported
An upturn in business is noted in a dispatch from New York,
summarizing the nation’s business. This optimistic statement is based on the
following points:
Retail sales have increased in various federal reserve
districts.
265 national banks, with deposits of more than $350,000,000
were restored to 100 percent banking during the 10-day period preceding March
25.
The federal reserve system showed a gain of $44,444,000 in
gold during the week ending Wednesday.
The B.F. Goodrich Company announced a 40 percent increase in
production.
The volume of business for heavy construction work for the
last week was better by $2,000,000 than the week previous.
Goodyear Tire and Rubber Company announced plans to step up
its work week to five days of six hours each week.
Frigidaire Corporation recalls 500 men to make up a new
eight-hour shift.
These are but fragmentary evidence of the general
restoration of confidence in the nation. Further evidence is found in the
street talk of the average man who feels that the future of the country is safe
and that we are approaching better times.
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