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4 - • • ■ / THE CLINTON CHRONICLE / I THURSDAY, JULY 28. 1949 - /-C / 1 - '** 1 / % .. 'y ^ % Page Four V /• $16,150 CAPITAL NECESSARY TO MAKE COTTON TEXTILE JOB Members of a 40-mm. anti-aircraft gun crew AAA AW battalion. of Battery B. 107th Stale of the World Report Given By Quaker Group Friends Service Commit tee Mointains United States and Russia Must Concede Points. Philadelphia. July 17—The Amer ican Friends Service committee in a state of the world report today de clared war between the United States and Russia is not inevitable. But establishing a lasting oeace won't be easy and both the U S. and the Soviet Union must give m a lit tle from their prseont unyielding positions, the report said. , Tho-e are basic conclusions of a 28-page report on the state of the world made public by the Quaker organization, winner of the 1947 No bel Peace Prize , , Based on a six-months exhaustive study of global conflict, the report pointed up the Quaker’s belief that the core of the cold war now is eco nomic And, said the report, “economic warfare is a two-edged sword ” It said such crippling moves as the U S. embargo on trade with Rus sia and the Soviet refusal to take part in the Marshall Plan do not ha\e • any substantial bearing on the retarding of a country's relative war potential." The report said there is no sub stantial e\ idence “that economic re covery and| further industrialization i nthe Eastern Eur >pean countries .could result :n any increased threat to the security of the United States oi Western Europe. "On the contrary, recovery and in- < ustrialization are’ in fact, at least as likely to lead to these countries beinc able, irt the long run. to take a more independent position and play a more mitigating role in the East- West conflict.” Resumption of "normal exports'' to Rus.-ia and Eastern Europe stands high among the committee's re com-, mendations. Other key suggestions are: 1. There should be a new effort to settle tne German, problem in which “the Germans themselves, under - Four Powers supervision, would take the initiative in preparing a consti tution and government for the whole of Germany.” 2. “United States policy should have as its objective the. political; and economic unification and the ne- utralization of Germany. For the Un ited States and the Soviet Union to continue the competition for Ger- 1 many will almost certainly lead to j disaster.” 3. The U S. should reaffirm its; faith in the United Nations and "sup-| port moves to strengthen the medi-1 ation and conciliation functions the •United Nations.” 4 The U. S. "should promote ef fective international control of arma ments and atomic energy" by among other things "proposing- an agree-! ment to put present stocks of atomic weapons under United Nations sea'. , and to halt the concentration of fis-1 sionable material.” "There is. v said the , report, “a! widespread desire for p£ace through- 1 out the world.” And, the committee pointed out. i* has concluded that: I “A large part of the world is like ly to continue to be Communist-con trolled for a considerable time to! come, and likewise a larger part of; the world is likely to continue to! t xist under traditional Western con- cepts of political democrary.” "Despite the differences in ap-i proach between the United States and the Soviet Union there is -pos- sibility of enough accommodation to permit the differing system to compete peacefully without either of the two ways of ilfe surrendering to tne other.” “Russia and the United States each fear domination or direct mil itary attack b ythe other, and much of the rest of the world fears poll-, tical or military domination by Rusc- sia or by the United States or .invol vement in war between the two." “It is highly questionable wheth er security can be achieved in the modern world through an attempt to establish an overwhelming pre ponderance of military power.” ‘The evidence does not justify the conclusion that either the United States or the Soviet Union intends, at the present time in the foreseeable future, to promote its foreign policy by military agression.” The report dwells at some length on the belief that while th#re are im portant differences in aims and eco-i j nomic and political methods of the ! U. S. and Russia, there are also im-'compares j.portant similarities. made by It cites th^ late ended L. Willkie i on hi sone world mission when he commented "on the similarity be tween the pioneering spirit he found :n Soviet Siberia and our own Am erica f-ontier heritage.” The Quakers said that it is a bas- : ic article of faith of Russian Com munism that there must be "a final ca Pit a l against $1,182 in specialists on Russian-American re- vide more in the way of improved lations. Volumes of history and the- employee working conditions than ory also were studied and experts the constructors thought- necessary on all nations were questioned. \ prior to the last World War. Most “This is a tentative report.” said new textile building plans now pro- the committee, adding that it is re- vide for one story buddings, window- leased "for discussion and construe- less walls, air conditioning, improved live criticism.” • ‘ I t oilet and rest room facilities, im proved inside wall finish, wider al leys, better lighbng and numerous other improvements. Under these conditions, new buildings cost an av erage of $7.50 to $11.00 per square foot as compared with $3.00 to $4.00 in 1936. •• New York, July 13.—To set up a. T * job in the cotton textile industry to- n es i lma hng the investment ne- day would require an initial capital c ? ssar >' tor machinery, the Loper en- investment of $16,150 for the neces- ^eers contemplated the latest type sary buildings, machinery, inventory, autornat jc machinery at current pri- raw material and working capital, ■ , ce . s al i instances and included the says the Textile Information Service. : latest a u* lliar y equipment for max- This figure, the Information Serv-! 111,1101 efficiency and production per ice explains, is reached in an analy- 1 ' sis made by Ralph E. Loper Co., in- \ l dustrial engineers who specialize in # textile cost service. The $16,150 with a similar analysis this engineering firm in 1936 when it was estimated that a capital investment of $4,402, was needed to create a cotton textile job. A breakdown of the total capital required shows $4,800 needed for buildings, compared with $1,074 in 1936; for machinery $8,600 versus $2,146 in 1936; $2,750 for working 1936. At violent conflict between the Soviet today’s cost, total initial capital in- Union and the capitalist worlds.” , v ®stment required is 267 per cent But the report adds quickly that more than was necessary in 1936, “in view of the flexibility of *Marx-i the last previous year for which; ist theory in the hands of the Com- comparable figures are available. The new study is based on industry wide estimates and 2 and one-half shifts averaging 100 hours of work per week. In detailing results of the study, Loper cost experts noted that archi tects and mill engineers, in planning; modern mill constructions now pro- munists, it would seem unwarrant ed to assume that their Marxism would stand in the way of an accep tance of the idea of peaceful co-ex istence if new histarical conditions mad eit appear advantageous.” The report was drafted by 16 peo ple who conferred regularly with FOR QUICK PLUMBING REPAIRS CALL... TELEPHONE 117 7T/ Benjamin & Sons Expert Workmanship CRANE Quality Materials employee; New cotton cards, the study dis closed, today are priced at $3,600 to $3,800 with the latest attachments as compared with about $1,000 in 1936. New spinning machinery now cost about S22.00 to $27.00 per spindle in stalled as'against about' $10.00 in 1936. Plain high speed, automatic 40” looms are now priced at about $900 to SI,000 including installation as compared with $500 to $600 in 1936. In estimating the average invest ment fo $8,600 required for machin ery, it was noted that the new or la test type equipment available today will require a few less employees per unit of machinery as compared with the latest equipment offered in the industry in 1936. Included in tne estimate necessary for working capital was provision for a minimum inventory cash in bank, receivables, etc., for a going com pany. Cotton was taken at an aver age of 34 cents per pound in the bale delivered to the mills. Cotton prices I vary, of ocurse. considerably by type of products, rpills, etc., but the stu dy noted that an average of 34 cents was believed reasonable for the pur pose intended. An average of about three months supply of cotton on hand was used. Inventory of yarn or cloth was es timated at the equivalent of 30 days production and stock in process was figured at a minimum amount nec essary for efficient operations. Accounts receivable, cash, etc., were estimated on a conservative ba sis and no extra amounts were in cluded to cover contingencies. Total average working capital ne cessary was established at $2,750 per job on a 2 and one-half shift basis. — —■ i——- ■ i OFTICE SUPPLIES CALL 74 GREENWOOD COLLEGE OF COMMERCE 205 Textile Building, Greenwood, S. C. FALL TERM OPENS SEPT. 6 COURSES OFFERED Business Administration — Stenographic Complete Business — Secretarial Training Junior and Higher Accounting Limited enrollment — Reasonable tuition Free employment service ENROLL NOW Write for catalog and application for admission. Approved for Veteran Training fastest j/ you ever used/ NT New, powerful 3-way formula now available to YOU! T ry this most amazing Gulf- spray Roach and Ant Killer. If you don’t agree it’s the fastest and most effective roach killer you ever used, you get your money back! The new, powerful Gulfspray formula provides amazing results. 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