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This newspaper page contains 6 articles. Subscribers can read the full text of each article.
Newspaper
Watauga Democrat
Location
Boone, North Carolina, United States of America
Date
Jul 05, 1934
Page
6
Nate Tichenor returns to Circle K with Larry Kershaw and Lizzie Bachman as debt drama unfolds. Babson proposes mortgage terms while Tichenor vows to defend Eden Valley from foreclosure, revealing past bonds with Owen Kershaw and a complex family feud.
A vivid line speaks of the sun rising over Eden Valley after an eclipse while noting a National Essay Winner. The speaker compares life to a game played by sportsmen, accepting defeat with a smile and resolve.
Nate Tichenor brings two men from Valley Center to dig Rance Kershaw’s grave and attend the funeral. He drives the wagon to the family cemetery, reads the service, pays the laborers, then returns with Lorry Bachman and Miss Lizzie Bachman. The mood cools as he seeks to ward off questions from Miss Bachman.
A speaker defines capitalism as a natural system arising from surplus wealth and debunks the idea of it as an imposed plan. The text contrasts private capital with state ownership and notes public investments like highways became public capital, while agriculture and mining remain privately held.
The piece argues for a middle ground between private capitalism and state control, citing railroads as a long-standing model and proposing regulation for telecoms, with a shift toward socially valuable but nonproductive ventures. It traces taxation debates, the fate of capital, and includes Plymouth Colony actions against monopolists like John Stockbridge for monopolizing water powers.
The speaker argues private capital should fund social aims such as a saw mill and that owners withhold only enough for reasonable comfort. He contends private owners run capital more honestly and cautiously than many governments in an inefficient graft‑ridden system.
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