Historical Newspapers of South Carolina

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2 ?&asra?8? CloS Published mo |?( r*?*i for employee ! - | ^ and Lydia i X=? Clinton, S. C '?*= direction of w k ? ., . Crocker, Ind Member of South 4 _ _ T AUantlc Council of lions L Industrial Kdltorm Calvin Cooper E. C. Huffstetler Truman Owens The publishers of The ( items of interest from it to your departments personn We Must Stay Mod Competition is so stiff in textiles today that a company has no choice but to stay modern?for to stand still is to be left behind. Just as the family car, washing machine and refrigerator wear out over a period of years, so also do spinning frames, looms and other textile machinery. In the eyes oi me tax collector. However, there is a difference. Unlike the family refrigerator, the weaver's loom produces income which, among other things, pays wages, purchases raw material a n d, hopefully, provides a modest margin of profit. Uncle Sam recognized this economic phenomenon when the federal income tax laws were written and made allowances for the fact that income - producing industrial machinery wears out, or depreciates in value, with passage of years. The depreciation schedule Abe Lincoln's "T You cannot bring about pr You cannot help the smal man. You cannot strengthen the You cannot lift the wage e; payer. You cannot help the poor You cannot keep out of t your income. You cannot further the b class hatred. You cannot establish secui You cannot build characrt< man's initiative and independe You cannot help men perm t Kni' lrl o ?-> rl cU/m 1 1/-1 /-lr* 4 til 1V.I O i 1UK1U VJVJ 1UI I Warp a In the language of the textile industry, the warp and woof means the whole cloth? the warp yarns running lengthwise and the woof, weft 01 filling yarns running cross WJ5t*. AS d 11 V W CdVCI MlUW^ the warp without the woof is nothing. Furthermore, there has to be a balance between the warp and woof to achieve a well-constructed fabric. So it is with the nation's foreign trade policy. A foreign trade policy which, either in principle or in practice, places its major emphasis upon international relations and obligations to the exclusion of, even at the expense of, the U. S. economy or U. S. industries is all warp and no woof. Such has been the case in textile foreign trade. Textile imports, while currently below the all-time record high reached in 1960, are still running well ahead of 1959. It is i^L mk?R ~ nthly by and r s of Clinton f /-? ^/yyfV/lf Cotton Mills, 3ft/ T., under the Claude A. ustrial Rela- ? . , .t Member of American director. Association of Industrial Kdltora Editor Staff Artist Photographer Zlothmaker will welcome ts readers. Turn them in il reporters or to the el office. ern and Competitive on textile machinery, has been far behind the times. The Internal Revenue Service in the past estimated the useful life of textile machinery to be from 25 to 40 years. Under the revised depreciation schedule on textile machinery, recently announced by President Kennedy, taxes are paid on estimates of useful life for textile machinery ranging from 12 to 15 years ?taking into account the fact that technical improvements may make a machine old before its time. Too long in coming and imperfect at best, the new depreciation schedule will, provided there is profit to plow back into new machinery, enable the modern textile company to stay modern and competitive. The high speed loom of today will soon join the hand loom of yesterday in the textile museums of tomorrow ., , for we have no intention of standing still. en Cannot-ments" osperity by discontinuing thrift. 1 man by tearing down the big weak bv weakening the strong, arner by pulling down the wage man by destroying the rich, rouble by spending more than rotherhood of man by inciting *itv on borrowed money. ?r and courage by taking away nee. anently by doing for them what hemselves. nd Woof estimated that every 600 yards of imported textiles cost an Amencan worker a week's work. Record high imports during 1960, cost American textile wage earner the equivalent of 86,462 jobs. The men and women of the textile industry and the products they make are essential to the economy and defense security of this nation and to the comfort and well-being of its people. While the warp of our foreign trade policy is the recognized need for expand ing trade throughout the free world, the woof is the preservation of our own economic and military strength and the jobs and job opportunities of our people. Every man and woman in textiles has a stake in the outcome of the Congressional debate over this nation's foreign trade policy. Our stake is in seeing to it that the warp is balanced by the woof. THE CLOTHMAKER SOUTH CAI J The South Carolina Em ployment Security Commis sion has made available somi estimates of expenditures o South Carolina employer: u:~1 1 j 1? _r WHICH SI1UU1U Ut* U1 111 terest and concern to al South Carolinians . . . employ ers and employees alike. A special tax was imposec by the Congress on employer; in the Calendar Years 1961 and 1963 for purpose of finan cing the Temporary Extendec Unemployment Compensatioi Program (TEUC). It is esti mated that the added tax col leciions from South Carolim employers will amount t( more than 9.2 million dollars It should be remembered tha the employer, in our case Clinton and Lydia Cottor Every Taxpayer toots the bill for Uncle Sam s Expenses Your W-2 form shows yoi who is paying the bill for th< federal government expendi lures anci now much it cost; y o u, personally, every veai to pay part of it. The taxpayei can see the large bite t h < government takes from his in come. T h e money withhek for income tax represents th< many, m any government spending programs in exist ence. It's taxpayer's money tha finances the federal pro grams, not government fund or federal funds. No sucl thing exists. The money i yours. Government service can only be paid for from tax es. Without some sort o boundary, these program will continue to cost and cos - when local initiative a n i Sclf-Crn'OI'limnn) n/\t*,r,r>4 . x.. uv.iii i?i w v. \ n 111 jk: i ent to do the same job at les cost. Many spending categoric can be cut back, and not im pair national defense. The ke to lower taxes is lower spend ing, and Mr. American c a resist the burden w hie makes the taxes necessary The government cannot liv beyond its means without gel ting into serious trouble. An this trouble will come?as i does to anyone w h o spend more than they can afforc Bit? government hinrlorc rs ther than promotes cconomi growth. What can you do to (It crease the growing feelers budget? You can write t your congressmen expressin your views. Citizens have th greatest control over goverr ment spending. Public opir ion is the determining force i our public affairs. If the go\ ernment is to follow th course of fiscal responsibility informed citizens must spea up. Most people believe the ir IOLINA EMPI MONEY USED Mills, pays the entire cost of our Unemployment Compen2 sation Insurance. We, the emf ployees, do not contribute to s the program in any way. Based on experience to 1 date, it is reasonable to believe that TEUC benefits payments made to South Carol1 inians will closely appioach s the 5,200,000.00 dollar total. 2 Benefits from May, 1961, to .Taniiarv Ml 1QR9 nnHor tV->o 1 TEUC Program have exceed1 ed 4 million dollars. This is about the sum which the Commission, prior to the bej ginning of the program, esti3 mated would be paid out. i. Thus about 4 million South t Carolina dollars will go to "so? called'" depressed areas in i other parts of the country, Two Giants r? Fob. 22, 1732 i - "?that this nation, under God, shall . . . not perish from the earth."' * Februarv is tho month in which Americans turn their s hearts and minds to a contem11 plation of the lives and pres cepts of two of our greatest s men ? Washington and Lincoln ? whose birthday anni* versaries occur this month. s Although both enjoy a secure * place of prominence in t h e tomes of history, no two men could have been less alike. Washington was blessed with wealth, education, and s social prominence. His life l" was a life of ease and luxury, y except for the hardships he I- 1 ? " Wllllll^lN CIUIUI'L'U lOI" lilt' n freedom of his beloved counh try. r Lincoln, on the other hand, ? was unschooled, and povertyridden. He rose from the ranks of the frontiersmen to become head of his nation. s For more than a century he has been acclaimed as America's piime example of the so-callc ed 'self-made man " Whereas d come tax is essential for raiso ing the revenues necessary <t fnr the fnn<'tinnc <?f niii* r> - ? >' fV'v_ e ernment. However, expend i1 tines can be cut so taxes can i- be lowered and the economy n can grow faster. r- The individual c a n do e something. Representatives /, are sensitive to the feeling of k their voters. Thev can be told you do not want the non-esi sential government programs. FEBRUARY. 1962 -OYERS ELSEWHERE such as New York, New Jersey, Pennsylvania, Michigan and California. These 4 million South Carolina dollars ?_an be "kissed eood-bve". There is pending in Congress a bill to federalize unemployment insurance, this bill being H. R. 7640 introduced last June. This legislation is designed to deprive our S. C. General Assembly and all others of their rightful duty to handle unemployment insurance in their own State and, specifically, to have a share of the cost of unemployment insurance in other states of the Nation paid by South Carolina. If this bill passes, the TEUC tax will become permanent and may go even higher. of History Feb. 12, 1809 "Let us raise a standard to which the wise a n d honest can repair." Washington was genteel and cultured, Lincoln was rugged and crude. Yet both stand equally high in the esteem nnrl \?nnnrnl #-v4 L ? A ?- " UIIVI t VIIVI (II1W1I IM lilt." nilll'I lcan people. Washington has often been justly called the "father of his country". Lincoln became its preserver and emancipator. Both relied heavily upon sustenance from a Divine Power, and both according to history, spent much time in supplication to Him?not on their own behalf, but for their country and its people. Both _ had their prayers answered. and America was born and grew into greatness. Both Washington and Lincoln were giants in their times, and both helped to inculcate into the fabric of American life those principles of integrity, patriotism, and brotherhood that have made America great among the nations of the world. Your expressions will affect their thinking and their ae tion. Irate landlady (to tenant who has been waking everyone up with loud and long piano playing): "Do you know there's an old lady sick upstairs?" Tenant-musician: "No, but hum the tune and 1^^ might pick it up!"