Pump Priming Reconsidered as 1937 Slump Stirs Debate
After five years of growth the economy slowed late in 1937 amid stock market turmoil and renewed clashes over the New Deal. The Roosevelt administration pushed measures to cooperate with business and labor, including housing, tax changes, power industry talks, and a Securities and Exchange Commission pick, while critics blamed labor laws and inflationary costs for the downturn.
MENTIONED IN THIS ARTICLE
New York
Roosevelt
Congress
National Association of Manufacturers
C. M. Chester
Washington
Senate- Finance Committee
White House
ICC
John W. Hanes
Wall Street
Securities and Exchange Commission
Stock Exchange
Federal Reserve Board
Manufacturers’ Association
CIO
Ernest T. Weir
National Steel Corp
Associated Press
Treasury
Ti Vale Capital
Morgenthau
Monroe Notes and Christmas Visits Mentioned
Mrs. R. C. Scott spends Christmas in Washington with daughter Mrs. W. L. Ammonstte. Frank L. Cooke is improving from illness. Thomas Rowan, Concord College student, visits home for holidays. Rev William Avery Benfield, Louisville Seminary student, will conduct the 11 o’clock service at Mount Pleasant Presbyterian Church Sunday.
MENTIONED IN THIS ARTICLE
Links Grove
R. C. Scott
Washington, D. C
W. L. Ammonstte
Frank L. Cooke
Thomas Rowan
Concord College
William Avery Benfield
Louisville Seminary
Louisville
Mount Pleasant Presbyterian Church
New East Beckley Church Under Construction
A new St Matthew's ja. M. E. church is being built on New Raleigh road in East Beckley by Rev. George L. Bennett with completion aimed for January fifteenth. A parsonage rises nearby and services have continued in the unfinished building for six weeks. The Crown rally closed successfully with large audiences and strong financial and spiritual gains. Public services follow today with sermons on The Peace of God and Remembering God.
MENTIONED IN THIS ARTICLE
East Beckley
George L. Bennett
Raleigh Road
St Matthew’s Ja. M. E
Bennett
Central Street Baptist Church
Samuel A. Abram
Mt. Vernon Baptist Church
Stanaford
J. A. Adams
Ebenezer Baptist Church
Beckley
Ellen Calloway
Worena Jiarrisson
Mary Tweedy
Calloway
Bertha Harrison Beecame
Leg Fracture From Slate Fall At Concho Mine
Pink Stanfield, a local mine worker at Concho, fractured his left leg when a pile of slate fell on him. He will be unable to work for several weeks.
MENTIONED IN THIS ARTICLE
Register
Concho—Pink Stanfield
Carlson Attends Christmas Party at Camp Fairchance
Mount Hope Legion post member "Happy" Carlson attended the Christmas Eve party at Camp Fairchance. The event welcomed the Forty and Eight club as an invitee guest group.
MENTIONED IN THIS ARTICLE
Register
Mount Hope
Camp Fairchance
Happy” Carlson
Big Industries Squeezed in 37 by Tight Money
The 1937 business year ended with faltering industrial pace as lenders and borrowers cooled. Wall Street financiers faced misread demand and a drop in security purchases, while manufacturers blamed taxes, labor strife, and regulation for money’s slow flow into new plants and homes.
MENTIONED IN THIS ARTICLE
Associated Press
New York
Congress
People's Savings
Corporation Treasuries
Wall Street
National Association of Manufacturers
Hampton and Bluefield Students Spend Christmas Holidays
Miss Annie Russell of Hampton Institute and Miss Louise Terry of Bluefield State college are visiting home for Christmas. Elnora and Stasha Edmonds of Bluefield State college stay with their parents Rev and Mrs F D Edmonds in East Beckley. Wyehe Capel, Rocky Mount teacher, visits his mother in East Beckley along with son William Capel, a West Virginia State college student, staying with Mrs Emma G Capel.
MENTIONED IN THIS ARTICLE
W. J. Carter
Sullivan
Beckley
McCulty Claytor
MrAlpin
Samuel Madison
East Park
New York City
Ed Temple
Pleas Calloway
John Gray
East
Bedford
Louise Goldston
Fiveco
G.T. Wingfield
North Beckley
James Brown
Prudence
Tom Marcy
Andrew
Birmingham
Ala
Tom Smith
Virginia Smith
Glen Rogers
Philip and
Esther King
Hampton Institute
Andrew Penn
Hampton, Va
Alma
East Beckley
Wyehe Capel
Rocky Mount High School
Rocky Mount
Emma G. Capel
William Capel
West Virginia State College
Fast Beckley
Keeping Candies Crisp With Wax Paper and Jars
To prevent taffy and sticky candies from softening wrap each piece in waxed paper and store in a covered tin or glass jar. A fruit jar with a firm lid is unusually satisfactory.
Gambling Arrests Do Not Bar Citizenship, Judge Rules
In Spokane Washington U S Judge J Stanley Webster ruled that eight gambling arrests do not bar a Yugoslav applicant from American citizenship. He remarked that enforcing gambling laws against native born citizens would reduce Spokane’s population.
MENTIONED IN THIS ARTICLE
Associated Press
Spokane
Wash
U. S
J. Stanley Webster
Farmers protest harvest aid restriction in California
The Associated Farmers of California condemns relief to able-bodied men while crops remain unharvested due to farm labor shortages. The group, a coalition of large agricultural operators, criticizes the stance as crop losses loom during harvest time.
MENTIONED IN THIS ARTICLE
Associated Press
San Jose
Calif
Associated Farmers of California
Associated Farmers
Llrger
Also Mentioned on This Page
Eccles
Monroe Notes
Santa Claus
Raleigh Steam Laundry
W. T. Blakely
Diehl
J. H. Maxwell
Home Furniture CO
Memorial Bldg
McCresry St. Phane
Beckley Loan Co
M. W
Carlson
Joan A. White
Massachusetts
Lill Steiner
iFarmers
Detroit
America
Hupp
Hupmobile
Beckley Truck & Auto Co
South Oakwood Ave
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