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CAN SENSIBLE ABOUT This the Gastonia Gazette: President Hoover's appeal to and try balance the budget Why would balance deficit only half than one four not call special last urged to that until Congress power unloaded budget burden? taken equally before time of an adjust and expendiHe last than they more year Coolidge's last under President budin office. The the get which advent the previous his House, the second the first year, additional the fiscal Others and saying, have about similar. There argument Mr. failure as an adminisHoover's trator. It worth while to specunot Democrat could have whether done better under the circumstances. We that nobody could are agreeing have the deflation prevented due to under the circumcome stances. Mr. Hoover hasn't manifested foresight in putting great Like the preventive measures. balance of he just didn't the country, know what do sometimes his attempts have been in the seem far the working concerned. But without debatwhether this and that might helped, Mr. Hoover and the publicans responsibility beinsisted that couldn't they happen. All through the years the Republican been pictured party that maintained good times, party prosperity, and that ministration assured calamity. Unfortunately for the Democrats, unfortunately for the Republithe circumstances tended the assertion. The stars their to favor the courses tional Republican The condiparty. than real, but apparent the Democrats happened to be in when the last major depression reached its in the first half peak the The depression well on when the Democrats came That's they came The country turned them to do something, seeing the Republicans hadn't. But the Democrats were in when the thing reached peak and they had to take the responsibility. The beginning turn when the Republicans back Therefore while the Democrats had to bear responsibility for depression which the Republithrown for not stopRepublicans got the credit for turn the tide, which turn any event. That tremendous boost for the Rethat carried them under Roosevelt, when issued scrip for money, haven't done this time, discrediting the Republicans. under something All the talk about the Republicans creating and mainprosperity shown to false; and they must take the for the false not only because they were in all the way for ten years and because they have said, Mr. Hoover leading the tune in the paign, that hard times just couldn't under Republican administration. Evidently Mr. Hoover sincerely lieved he said about the Republicans prosperity. When the in 1929 he seemed utterly and paralyzed in effort. The assured over and over passed that the depression couldthat the end was in sight, more like that. Apparentwithin the last only that the President has become convinced that the end isn't yet Since then he has been he guess at best help change the that he has been clamorbalanced budget and seems aroused to the necessity thoroughly of expendithe Democrats seeing that, disposed be indifferent about balancing budget. got that the under Hoover, they say, why way didn't he do something about That all well enough fore but in far for campaign purposes that talk meant to discourage balance the budget and to attempts it foolish expenditure, harmful. The Democrats in house responsibility But aside from that, it the patriotic citizen to every to save the country's part try and to prevent financial stopping to growl about the fault. to hold entirely proper Hoover the Republicans responsican't cheap not But the contemptible variety, talk about that in far at present may retard country. had been borrowed bond money or tax anticipation notes and sues, rectly loaned to banks or deposited to strengthen the banks. The propping unavailing in instanand when the crash came the last ces state was worse than the first. Notwithstanding flagrant lation of public trust and misuse of public credit, just one prosecution brought in far has county. The Brevard was ailing. The Banking company had deposits of more than county half million in the bank. learned the proceedings, made to from to the county commissioners appear that the bank was about to fail, which big loss to the county. would mean from the county would little help the and all the people interday ested. The county commissioners $100,000 of tax anticipation form of borrowing in notes, popular times, and placed the $100,modern the bank. But the bank was far and the $100,000 went gone, along with the half million already imperiled. Naturally when the story of the proceedings leaked out there was and prosecutions. The dignation president and chairman of the board the defunct bank, the chairman and three members of the board of county the county accountant and attorney convicted of county conspiracy. The bank president, chairman of the commissioners, accountant and county attorney sentenced years and fined $5,000 each. The prison chairman of the bank board was fined $5,000 and the three commissioners each. The Supreme court, in decision, the approves findings to five of the defendants, four of whom are under prison tence, and released three commissionseem have been convicted their official The chairof the bank board is under tence fine only. The four under prison are due to go there unless the governor be made to that moral turpitude was lacking, which hardly probable under the The decision was written by AssoJustice Clarkson and approved Chief Justice Stacy and Associate Justice Adams. Justices Brogden and Conner dissent. Justice Brogden that evidence of conspiracy was insufficient; that while the State con tended that the evidence of unlawful purpose was the placing of deposits insolvent bank, the State "failed offer any competent evidence of solvency or that the county had fered the loss of But the penny. viewed differently and the jority of the high court agreed that the on which the jury verdict based was sufficient, Lawyers and judges disagree, doctors may be that the the high court took the in agreeing with the county jury that went to county to sit in the hearing. is possible that the majority took the view that it high time that the notorious, unlawful, illegal and indefensible practice of using funds and the public faith and credit to bolster a private enterprise should be given jolt that all will hereafter. And that the citzenry generally will applaud. In the old boosting and inflation days, brought to sudden and disastrous end little while back, it came to that that the use of public funds and public credit for almost old purany was considered entirely proper and commendable. Thousands North Carolinians are today burdentaxes to pay money thus unlawfully and illegally used by their for friendly intermany thousands Iredell bearing the burden of losses incurred through sheer negligence, failure to discharge duties faithfully and with regard the public interests. It high time somebody was in the penitentiary for of
