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Newspaper
Concord Enterprise
Location
Concord, Massachusetts, United States of America
Date
Mar 09, 1927
Page
4
The Weekly Enterprise is published every Wednesday from Liberty Street Marlboro Massachusetts by the Enterprise Press Incorporated. It is entered as second class matter August 25 1903 at the Marlboro post office under the act of March 8 1879. Annual subscription is 160 dollars.
A concise critique by Louis J. Taber examining the Federal Farm Loan System. It outlines advantages of the current credit framework for farmers and discusses opposing forces seeking to dismantle or reform it. The analysis emphasizes the system’s role in sustaining agricultural credit and farm prosperity.
The article argues farmers rely on three credit elements: long term mortgages, production credit, and marketing credit. It praises the Federal Farm Loan Act for reducing interest, notes slow growth of Intermediate Credit Banks, and calls for constructive reforms to strengthen agricultural credit without dissolving the system. It urges Granges to discuss and defend the act nationwide.
At Federated church Southboro last night a large crowd attended a social. A three act comedy Doutie Crossed provided entertainment with cast members B E Ramsdell Russell Boutilier Miss Hivira Babbitt Mrs J Mace Crandall Mrs BE Ramsdell and Ray Stockwell. Organizers included Mrs Anna Boutilier and meals were served under Mrs Wendell Haywood Mrs A K Babbitt and Mrs William Nelson.
The 1926 statement of the American Woolen Company records a net deficit after depreciation of 4,225,845 and after preferred stock and subsidiary dividends a year deficit of 7,727,585. Operating profit after depreciation was 949,172, with a final deficit after all dividends of 2,555,578. The report notes far weaker wool markets, reduced demand, and that wool prices fell about 20 percent, pressuring profits and stock values while inventories were written down.
The document notes a historic total of 45,864,990, the lowest since 1922 when Webster and Shawsheen Mills were excluded. It cites necessary replacements and additions to machinery, says mills are in excellent condition to handle assigned business, and confirms full insurance on plants, properties, and merchandise.
Massachusetts state camp Four Winds opens at Long Pond Plymouth by late August. The camp borders Long Pond and Little Pond with a main building on a 100 foot high elevation. It features a modern kitchen with a dishwashing machine and a large central fireplace. The program centers on nature education with groups called The Top of the World and Trees and Birds, plus You Adventurers age sixteen and up. Sightseeing trips, hikes, and testing before deep water activity are planned for girls new to Plymouth.
Fred Waring, who organized the first professional college orchestra, is celebrated as the king of hit pickers. His band’s consistent sales and knack for selecting future hits earned him fame through recordings for Victor and frequent Broadway forays.
The report notes Rev J Sherman Potter, identified as a former Concord boy, preaching at a local venue. Details describe his background and role as a minister.
A Presbyterian church in Caldwell Indiana preached at a special Sunday evening meeting held at the Trinitarian Congregational church.
Frank McDonald, formerly traveling passenger and freight agent of the Great Lakes Transit Corporation, was appointed New England agent to succeed P. L. Stuart who resigned to become New England traffic manager of the American Republic line. McDonald has eight years with the Great Lakes transit and is active in the Traffic A Club of New England.
Controversy swells over a $1.5 million contract to build a 300 bed Bedford veteran hospital with 62 bidders. March Construction Co of St Louis is the apparent low bidder at 1.5 million, while Simpson Bros of Detroit bids 996,600 as rival Boston interests press for a hearing requested by Massachusetts concerns.
The Maynard Woman's Club held its annual Children's Afternoon at the high school auditorium with Professor Mora entertaining the children. Club president Mrs McCleary announced a sale at Eaton store to support charitable use, and cooking classes are planned for April 18 20 and 27 at the national church kitchen with instructor Weimer from the Herald. Tickets are available from Price, Mrs Mark Newton, and Mabel Palmer.
March 9 in Southboro a birthday anniversary party honored carrier Walter Hutt at his Middle Street home. Guests included Representative J Hutt and spouse, his parents Mrs Stivers and Harold Stivers, Mildred Corbett, and Agolla. Several gifts were presented during the evening.
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