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This newspaper page contains 4 articles. Subscribers can read the full text of each article.
Newspaper
Roanoke Rapids Herald
Location
Roanoke Rapids, North Carolina, United States of America
Date
Mar 08, 1934
Page
19
Editorial praises Roosevelt as the nation reflects on his first year in office. It notes broad public and congressional support and credits confidence in a leader for progress, while contrasting March 1933 with March 1934 and highlighting improvements in employment, prices, banking, and optimism.
Sanders Shanks Jr in National Municipal Review cites over 1 thousand local districts in default including 303 counties 644 cities 300 school districts and 60 tax districts with about 200 million dollars in principal and interest in default. Roanoke Rapids and Halifax County pride themselves that no bonds of these units are in default nor in danger of default.
Halifax County and Roanoke Rapids hold a suite of bonds including city, school, and sanitary district bonds. Tax collection strength in the city and county underpins these investments. Industries contribute substantially to county taxes, keeping the overall burden manageable for residents.
A reflection on 1923 German hyperinflation and the danger of printing money without backing. The piece likens runaway presses to a bankrupt approach and cites a humorous Pennsylvania ad tale about debt responsibility and marriage.
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