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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jun 07, 1929
Page
3
President Sene has secured a delegation to full party status and patronage control in their district. Hoover is described as a wise politician and competent engineer.
Henry Ford started work on a new plant at Dagenham near London covering 860 acres. It will employ about 1,000 men and aim to manufacture 200,000 automobiles. The project includes generating electricity from city refuse at a much lower price than current rates.
Examinations for university scholarships and entrance will be held at the County Court House on Friday July 12 1929 at 2 a.m. Applicants must be 16. Scholarships worth 100 dollars plus tuition and farm fees. Counties listed include Abbeville Bamberg Barnwell Beaufort Charleston Clarendon Dorchester Hampton Horry Lexington McCormick Marlboro Saluda Sumter Union Williamsburg York. Write by July 10 for blanks. Next session begins September 16 1929. Summer School runs June 18 to July 26 1929 with a 63 member faculty and over 160 courses for teachers and principals. Degrees conferred at term end.
Washington. Senator Walsh of Massachusetts denounces H R 2667 saying it raises living costs and imposes higher duties on food products and building materials. He argues the bill fails to aid key industries, penalizes manufacturing, and would force government to surrender taxation power to bureaus.
The century’s greatest financier and industrialist Henry Ford says he never reads stock market quotations, does not know their meaning, and is not interested. He adds that if Ford can get by without Wall Street, many others could focus more on their own businesses.
The American Tree Association says Washington and North and South Carolina hold about 35 million acres suitable for forests and urges immediate reforestation to avoid future lumber shortages. North Carolina could plant quickly to boost state revenues and sustain wood-using industries. South Carolina needs substantial planting to convert idle land and protect remaining timber.
Charles P. Stewart surveys the Washington scene where politicians resist the progressive tag. He notes Capper, Norris, and Fess clash over the term while Brookhart and others edge toward embracing it as a badge of honor. The piece cites dictionary meanings for pseudo and traces shifting loyalties among Hoover era Republicans.
Egg exports from the United States have increased more than fivefold since 1910. The shipments go to Canada Mexico Great Britain and several South American nations. The North Central States supply about half the nation s eggs with leading producers in Iowa Missouri Illinois and Ohio.
The British government bans the book Shiva, or the Future of India by R. J. Minnery as a reply to Katherine Maya's Mother India. The work is accused of portraying Hindus as a world menace.
Time calls for more time as Mr Dack argues that naval stores and forest products fuel economic life in the Carolinas. He notes New York plants many trees, the U.S. far behind Japan, and urges businessmen near northern manufacturing hubs to push a forest planting program now for future industrial growth.
The Department of Commerce reports the first quarter of 1929 saw exports rise faster than imports, producing a $298 million surplus and the largest favorable merchandise balance for a first quarter since 1921. Finished manufacturers led the export gain, with total exports at $1.42 billion. imports rose but with a smaller value increase due to lower prices.
Dr H Parker Willis of the New York Journal of Commerce argues stock prices are inflated at 18 to 20 times earnings, posing a danger to investors and the financial system. He condemns selling securities to ignorant buyers and warns of market instability.
The piece recalls past stock scams by promoters and a famous investor jailed for selling unsound stock. It argues that many current stocks pay dividends though marketed to mislead, likening Wall Street to a potential target for regulatory crackdown and political policy fallout.
Competitive examinations for vacant scholarships at Clemson College will be held Friday July 12 1929 at 9 A M by each County Superintendent of Education. Scholarships worth 100 and free tuition 40 are open to South Carolina residents sixteen or older pursuing Agriculture or Textiles with English Algebra Geometry and History. Agricultural applicants are also tested in Agriculture. Write the Registrar Clemson College S C for blanks and information.
Ford Motor Company still dedicates plant capacity to Model T parts and labor. Approximate charges include engine tune 1.09, valve work 3.75 to 4.00, overhaul carburetor 0.5 to 1.50, relining transmission bands 1.50, install pistons or rods 6.00, tighten main bearings 7.5 to 6.00, overhauling motor and transmission 20.00 to 25.00.
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