New Britain Herald Newspaper, December 4, 1930, Page 5

REW BRITAIN DATLY HERALD, HURSDAY, DECEMBER 4, 1930. tion, the treasury HYDE TAKES FLING uance of the one per cent reduc. tion then made would depend on th e | revenue prospects this month. These | men no“ “indicate that the temporary |tion be continued dur- recrLa:s can not |ing the current year Added to Debt Fund Contrasting with th 930 fiscal Falls, However, 0 Make Dirct Mention of Debentures % 4 |was 318 e | foward retirement of | debt. (P —Cutting | wpen the publi Washington, Dec 4 through the maze of political and | economic theories of farm relief. Secretary Hyde's annual report for fhe department of agriculture wen 1o the President today with a full | the year closvd Calculations on the a request future for legislation statement of policy on controversial | the National debt on a lower inter- conditions Mellon asked that the loan | amended with the obfect of [may clect, “complete | sible freedom in determining the charac- |ments will be made i scour in any | and to allow cight bil-|be the first time a surplus has | est rate | justify. aw ho granting ol basis if monecy Probably the most outstanding point. because of its bearing on the | export * debenture—now the chief concern of farm legislation — was the sccretary’s criticism of *subsi- | dies.” He did not mention the debenture Ly name, but opponents of the plan | charge it is a the treasury ter of securities to be issued” refunding, put out as a subsidy and pointed | to Hyde's declaration that subsidics | vould increase rather than restrain | head recalled pointing out a year ago that contin- | rccommendation that congress frec deticit fore- | Year surplus Every bit went which stood al $16,155,308,209 led to| making | ¢ | possible refunding operations, which | would aim at putting all or part of {lion dollars in new bond issucs to be | mi refunding operation, | 1932 1o bring back a favorable | which would retire like amounts of |ance, 1o the cxtent of $30.600 older debt. Further, his report repeatcd a income taxpayers who buy ecurities from lity inent of income tax on Lhe for such investments | would give national paper the | exemption tus as that | by states and municipal horrow The changes in the hitherto reccived from lernments by the United Stat result of war loans, saying federal for the pay- That same nheld now secretary forcsaw o form of payment foreign gov- s as a Payments In Cash “It is reasonably certain that the December interest payments ac- count of foreign debts will b paid in cash, and it is quitc pos this may be cqually fruc It is impossible to | method of payment forciz though it tht part of the If the deficit matcrializes ed since Mellon lool 000, The estimates sct the income fax prodiction. | While denied by the debenture’s| frienas. the accusation has been made iha it would result in the dumyping of Amcrican products ad and create foreign retalia- 1i01. Hyde sald the dumping of sur- pluses abroad was not feasible and yecited world resistance (o low- priced Russian wheat. No Specific Reference Touching close to the farm hoard's retirement of 110,600,000 hushels of wheat from the market, Hyde said—without specific refer- ence—that the, indefinite storing of surplus tends to prevent rather than to cause fo a rise of prices. By this time.,” the zec it is evident that supply mand conditions cannot be set aside by legislation.” The secretary proposed voluntary eurtailment of production as the only logical remedy for the surpius problem ‘The answer to overproduction is production,” he said. “Many farmers think production cannot be controlled by controlling arcas, since output also depends on the weather and on and plant discascs. Production Uniform “Locally is true. But taking the country as a whole production uniform. average has been lonz run man rather than n r{l'v'lnls the vol- ume of farin production Flimination o vas the keynote to his curtailment of acreage plarv “Lveryyhere eral principls process should be ch region or locality {ranster the insect pests high-cost acres the =en- djustment same. In would | t-cost acres fo | tend to reduce crage costs of production. This| obyiously would be an advantage highe value. tion taken to control the vol- wme of production cannot save the producer. He or accept low cons high-cost either get out atandard of living ficiency is need for re- Sometimes it creased out- | nereasing of not in radiction wth the ing production companied by it that an inevitable Ufficiency should re- of production while or- ates the total voi- principles, far antagonistic are the agricultural pros- 1s not tionship. unie from twin perity heing pillars of Urges Unlted Action t conditions drew | the secretary the conciusion the supply is to be ade- and the cost low, farmers bankers must unite in action n the hazards of the agri- cuitural industry. On land utilization. a subject of tter controversy, the secre y said the national rcclamation pol- \ov should be reconciled with the i of ng farm produc- restric Oil refused to break up . . realiza- | revenue then at $2,260,000,000, or|the sec $70,000,000 mord Wity cated that botl dividual i | than starting | the cipts for which corporation and year. comes would bu mother evidenc had been anti ed the volume of forcign trade and estimated custom customs receip Ve of wonid 1 0 ex- ter estimate LABC AINS SEAT Londo » cduction in Perfected...and pr indi- in maller and by n. the CUBA T0 BREED BETTER HORSES Preserve Expébled {0 Produce Hundred Steeds Yearly his return to Ne for Dec. 10, ir would aceept schedulod Uzeudun tight with mber 14 w York, L'aolino tallion on ift of o G a return presi- | him in itome D Dee. 4 (UP)—The ¢ quintals of dynamite the construction of r oir for Suvianna of Castel D Houscs trem Bolog plosion o classes W estima Turk cossfull t a Turl shipyard HiRALD CLASSIVIED ADS W ”‘ e IRST, we subjected the new Socony Motor Oil to a “cold weather” test . .. in an airplane flying 25,200 feet high. There, at 6 below zero . .. where ordinary oils usually become sluggish...it flowed freely/ Then, we gave it a whole year’s driving test in 5!% days, 7290 miles on the Indianapolis Speedway—at close to a mile-a-minute pace. The new Socony Motor . kept engine wear down to a minimum . . . continued steadily to give full lubrication 133 MILES UP! Captain Boris Sergievsky makes “‘history” in his famous amphibian with the new Socony Motor Oil. At6 below zero it flowed freely' Ordi- nary oils would have ‘‘frozen.”” Finally, we tested it in a speed-boat, pounding through choppy seas, throttle wide open, for 10/% hours. At the end of the run (equal to 1400 miles of continuous driving in an automobile), again the new Socony Motor Oil was in excellent condition. Only a slight smudge of soft car- bon showed on the engine parts! These brutal tests on land, on sea, in the air, proved in actual service what we already knew in our labora- tory to be true—that in this new oil every characteristic needed to provide ideal lubrication is present... toa degree never before attained in any motor oil! On sale only one short month... it has already won the good will of thousands of motorists! ion. ! Try it today—and you’ll cheer for it, too! Hyde said that although ‘agricul- | ture benefited by the 1930 tariff tariff dutics are not effec- onotos Wik revision, { on gely for « HELLON PREDICTS DEFICIT FOR YEAR Says Tax Cut Caomot Be! Gontinued Washington, Dec. 4 (P—1t more than ever as though Mr. Tax- payer will have to pay one per cent | yore on this ycar's income than on the last. Secretary 100khs Mellon sces it that way. His annual rcport. addressed today 1o congress, predicted a $180,000.- 000 deficit when the fiscal year ends next Junc. While making no recommenda- STANDARD OIL COMPANY OF AFTER SPLITTING THE ROUGH SEA in this fleet speed- boat for 10} hours the new Socony Motor Oil finished in ex- cellent condition. Only a slight amudge of soft carbon showed on the engine parts. What a record! NEW YORK ove red in every BRUTAL TEST! Around the tor- turing Indianapolis Speedway these test carscrammed a whole year’s driving into less than & week! The new Socony Motor Oil stood the gaff like a champion. onswhy vou should change to the new Socony Motor Oil—today! I. Perfected Lubrication (Less wearon your moior . The new Socony Moter Oil is made from a Paraffine Base , selected because of its greater inher cnt oiliness (adsorption). Refined by the new and exclusive Socony process which gives additional lubricating value. 2. Minimum Oil Consumption. Will not break down. No engine heat or pressure severe enough to decompose this oil or destroy its lubricating value. Only through contamination by foreign matter which finds its way into the crankcase can the life of this oil be limited. ‘ 5. Easy Starting in Coldest I cather. Sclected Paraffine Base oil ... completely dewaxed. More fluid at low temperatures than any other oil. Instant lubrication. Less drain on your battery. I. Fuel economy and increased Poicer. Maintains proper “‘body” at all engine temperatures. Result: perfect piston seal, maximum power, and minimum fuel consumption. - e A Clean Motor. New refining processreduces toa minimumall harmfulele- ments which cause carbon, gum and sludge. The new Socony Motor Oil insures a clean motor. ocony Winter Gear Oil. the superior lubricant for cold weather, insures proper lubrication and easy gear shifting. Switch to it today. And for a quick starting gasoline try Socony Special plus Ethyl. Remember, too, the importance of lubrication during the winter months. Take no chances. Ask for a Socony Certified lubrication job—Ilubrication as it should be done—by trained experts. HWAWWSOCONY MOTOR OIL