Historical Newspapers of South Carolina

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8_ The Busy Bee We hear plenty of stories al they stay, etc., but did you e happen if they made a mistE suppose one would let her min< ed up the wrong kind of honey ed enough to go over and get s ruin all the honey that the res doesn't happen?it's true?bee; minds they seem to know th, just as in good cloth. t r n riovc lrojits Us To Bill dreamed about owning his own business. One day, he took the plunge. He got together his life savings of $2,000 and borrowed another couple of thousand and set up for business. Ask Eill why he took the risk and he'll say, "Because I got the chance for a profit!" The hope of reward ? profits ? make men take risks, spurs them to think, plan and work. The hope of profits has helped build our entire mighty system of over four million business firms. WHAT IS A PROFIT? Let's say a certain comt iny sells its product for $1. F^/tv-nine cents of that dollar goes to pay for materials and supplies. Tax collectors cut in for nine cents. Things like depreciation, maintenance, repairs and interest gobble up another six cents. Advertising costs two pennies and research one more cent. That leaves 33 cents. Of that, employees are paid 29c?leaving exactly 4 cents. That's the net profit! Profits are what's left after all costs of production and distribution have been paid off. These figures are the national average for the nation and far above the average for our own industry. WHAT ARE PROFITS USED FOR? Picture what would happen if modern America?with only 160 million people?could only produce the same as it did a century ago when we had only 26 million people. We'd be in a sad shape, and we'd suffer from malnutrition, exposure, disease, and unemployment. We've avoided that fate because we've kept producing enough to meet the needs of our growing population. We've kept expanding! We've learned the lesson that when the opportunities for profits diminish, the opportunity for jobs likewise disappear. WHO DECIDES THE SIZE OF PROFITS? Do executives just sit around a long desk, in a cloud of cigar smoke, and make up their minds how much profits they're going to earn? It doesn't work that way. Management must fig ure out now much it costs to make and sell their product. - And Quality out the honey bees, how busy ver stop to think what would ike?a quality mistake? Just i get off her task and she pick, what if she was absent mindiome from a flower that would t of the bees were making. It J J 2- 4 ause aeep uown 111 men uny at quality counts?in honey? Help \ Live Better That involves wages, taxes, materials, rent, repairs and I other production costs as well as advertising, expansion and all the other items necessary to production. They must then keep the price down so that the customer will buy. ] ARE TAXES ON PROFITS i TOO HIGH? Some wellmeaning folks don't like the idea of prolits, so when Uncle Sam needs money they say, "Let's raise the taxes on profits!" That's like draining the gas out of an auto and expect it to keep running. Some folks think that socking corporation profits isn't going to hurt. But as a matter of cold commen-sense fact, it does hurt. It hurts PEOPLE?the employee's job security, the stockholder's savings, the customer's prices. It HURTS YOU! HOW DO PROFITS HELP F R E E D O M? Communists don't like the idea of profits. They think the way to get AL: ? _i i r -\ limits uune is ov lorce ana fear rather than hope for ] a reward. The profit system guarantees freedom. We do things as free men and women because we want to earn a personal reward, not because we fear punishment. We are free to gain or lose according to our capabilities. The progress we have made is only a beginning if we hold tight to our PROFIT SYS- | i ?M, and guard and preserve it from all threats, both from the inside as well as from the inside as well as from the outside. "It's only the beginning folks, only the beginning!" SHORTY r-ec%i I CS feJi 0 38 THE CLOTHMAKER I? -y TIME TO DINE?Members of the CI last month and prepared a complete d man and Mrs. Betty Snelgrove. * DADS AND DAUGHTERS?Clinton Supper at the Clinton Community Cen ham and Mrs. Shirley Reynolds. All o NEWS FRC (Continued from Pa^e (i) M better. ** or a No. 2 Spinning. Third By Elizabeth Holder !U1<, in > Mrs. Carol Samples and , daughters with Mrs. Luther c, T 1 1 U4 "V J I lirnor nnH rlnimhlnnc imoi!. * n? i i v i t ? * v< V ? 11 H i_ i i i v I .1 \ I O 1 t ? in c?cl their mother, Mrs. Ethel Rueker in Greenwood. 0 Sc ? Har TONY Windsor is Ihe nephew 91 \ of Mrs. Gholdie Simmons and p, celebrated his 8ih birthday March is. 18 : LgWf# iLjl! ? y inion Mills Junior Horizon Clul inner by themselves. Leaders o anp^ : 1' S]d HI K ^F j^Hq j^k F I IA JbS # 1 . pn wr^ Blue Birds last month held ? ter. The leaders are Mrs. A. C ther Campfire groups will have >M CLINTO rs F!1 iyahot V-i Hnlrlor nnrl bie and Mrs. Estclle Hold- c nd daughters visited Mr. Mrs. Autelle Wilbanks P iVhitmire. t imes Amnions and JohnHolder spent several days Washington Courthouse. i. >rrv to hear little Susan I mon has been sick. 'c rs. Joicy Lipford, aunt of 2 . Lois Harmon, is sick, rs. Rosie Avery has been 1 sick. s r. unci lvirs. nooeri itoiuiad an anniversary March I a r. and Mrs. Harold Burobserved an anniversary c eh 6. f r. and Mrs. Randolph try will celebrate their a h anniversary March 22. n lirlev Burgess was 16 *s old March 6. I lizabeth Holder had a I hday March 6. rs. Joicy Lipford will be ^ears old March 26. 2 vt. Rudolph Hilder will be 2 years old March 26. MARCH IS, 1956 D J *^^6 W > met at the Community Center f the group are Mrs. D. O. FreeJ.M M=. ? - lBv ^Hi^dr a Dad-Daughter Valentine Box . Young, Jr.. Mrs. James Traynsimilar affairs this month. N MILLS Carol Baker has a birthlav March 27. We welcome Pea vie G. borrow and Marion Posey o our Department. Third Spooling Hy Beulah Stewart Mrs. Robert Whitsell and Jarrell recently spent severil days in Aiken with Mr. md Mrs. Bud Carr. Mrs. Harriett King. H. VV. ving and Mrs. Ralph Stowirt visited in Greenwood. James Whitsel, Jr., from la, Ga., recently visited Mr. ind Mrs. Robert Whitsell. Mr. and Mrs. A. E. Ealv :elebrated their wedding anliversary March 5. Mr. and Mrs. Ralph Stewirt will celebrate their anniversary March 21. Happy birthday to Mis. larriett King, March 7 . 3aul Woodward. March 10 . . Dewey Brazile, March IS . . Mrs. Kate Evans, March !1 ... Margaret Seav, March tO and Frances Reece, Marcl II.