Historical Newspapers of South Carolina

Below is the OCR text representation for this newspapers page. It is also available as plain text as well as XML.

2 ?aasfff?ss CLol , Published n la r^l {or, e!npi?y cr and Lydia ' * ,.i Clinton, S. direction . M,?b,r .1 South CTOCk"'J AUantlc Council of UOnS Industrial Editors Calvin Cooper Truman Owens The publishers of The items of interest from to your departmer persor Who Profits fr The profit someone else pocket. The profit someone your job. And if insufficient may surely expect recessioi economic growth. For the whole Americar upon profit. Not one America! profits are little understood I It is important that thej today are under pressure fr and other groups and from I competitive forces outside th It is worthwhile, theref* profits and what they mean strength and progress. PROFITS The employee whose em plover is earning a profit i: secure in his job, if he i; performing it properly. He i: likely to receive increases ir pay and benefits, to have i pleasant and hygienic place ir which to work, and good tool: for his job. But obviously, the employ ee whose employer is no' earning a profit cannot b( sure how long his job wil last. Any increase in wages 01 benefits granted bv a com pany which is not earning money simply increases th< company's losses, which mus be borne by the owners, anc are likely to lead to layoff; or even the employer's goinj out of business. There can be no job security in a company which is no earning a profit. New jobs are necessary ir great numbers today. Eacl year, the number of peoph who desire employment in creases as the population in creases. Jobs must also b( available for persons who be come unemployed when olc industries retire from busi ness as new industries arise. New jobs in our economy are created when an investoi or a group of investors decide: that there is a probability tha t.hev can malm a nrnfit Ki starting a new business, o: when an existing company do cides that expansion may b< profitable. Obviously, more new busi nesses will be started anc more old ones will decide t( expand when profit levels ar< generally good than wher they are unsatisfactory. Whei sufficient profits are beinj earned so that investors art confident, business grows ant hires additional workers anc unemployment does not be come a problem. For these new jobs to con tinue in being, the new enter HMKtd nonthly by and ees of Clinton f %? fylr Cotton Mills, C., under the jf Claude A. ndustrial Rela- ? . , . t^; , Member of American Director. Aaaoelatlon of Induatrial Edltora Editor Photographer f Clothmaker will welcome its readers. Turn them in ital reporters or to the inel office. om Profit? makes may put money in your ?lse fails to make could cost you profit is earned in America, we is, unemployment and sluggish 1 economic system is dependent a fails to benefit from profits; yet >y the general public. r be understood, because profits om some influential politicians, taxation within the country and e country. are, to look into the subject of to our people and our national and JOBS prises must earn their profit, 5 too, or they will be shut down. 5 To most people, the word i "recession" means a time of \ unemployment. For many i years, economists have obi served that unemployment in5 creases a short time after profits have declined. When profits begin to rise again, L employment soon increases. ? In recent years, unemploy1 ment has hovered between r four and five percent of the labor force in the United I States. Millions of people who ? would like to work have been t unaDie 10 unci jobs, it is no 1 coincidence that these years 5 of relatively high unemploy* ment have also been years in which profits have failed to f increase in total volume, alt though wages, salaries, the national income, and the volume 1 of goods and services proi duced all have increased ? greatly. Businesses have been producing more for he American people, but their reward ? for producing has not increased. 1 Unemployment cannot be greatly reduced by giving more people government jobs ' or by more government purr chases of goods. All governs ment jobs and purchases are t paid for by taxes on profits. f and on the incomes of persons r engaged in profit-making businesses. There is no other - source of government revenue. What government spends is 1 money taken from the incomes 3 of people who otherwise - would have spent or invested 1 it themselves. It adds nothing 1 to the nation's income. ? More jobs, then, will have - to come from nrivate ontor | prise ? which always has created vast numbers of new jobs whenever it was not denied the prospect of soundly profitable operation. THE CLOTHMAKER Automatio Jusi There is a very real and justifiable concern throughout the nation with the sense of security industrial employees feel in the face of rapid technological development such as we now have. Technological development reduced to ten letters is "automation." The word "automation," and in some cases the mere thought of it, scares a lot of people. They regard it as a threat to job security. Certainly the people who destroyed Richard Arkwright's first spinning system saw it that way. even if they didn't use the word automaChristmas Club Enrollment Begins Notices were posted last week announcing that arrangements have again been made for all employees who are interested to narticinafp I I in a Christmas Savings Club utilizing the payroll deduction plan. This plan is handled each year in cooperation with M. S. Bailey & Son. Bankers. Supervisors have enrollment cards available for all employees. Upon authorization from the employee, the Payroll Department will withhold a designated amount from each paycheck beginning on November 22 and running for 50 weeks. In the past, the payroll deduction plan for Christmas Savings has proven to be a great convenience for most employees, as the employee Which Man Wiirihe Re No. 1 1. I was born in the United States. 2. I work for a textile Company. 3. I do not think people should own private property. 4. I think a company should make a little profit. 5. I think all people should be Baptists. 6. I think I should register to vote. 7. Newspapers s h o u 1 d be published by the government. h. The federal government should own our manufacturing plants, fl. A person is guilty until proved innocent. 10. I respect the American Flag. Editor's I\ot< n Is No Boge t Button-Buill tion. The same is true for the early textile workers who destroyed Jacquard's loom. So. also, is it true for the English officials of the 18th and 19th centuries who jealously guarded their textile machinery secrets because they feared the consequences of the 2>ucn Kiiowieagc. Even today, there is an element of fear in the attitude of those who look askance at automatic doffers, high - speed spinning equipment and other new methods and machines. The recurring theme in all of these examples is that the textile industry has known automation by one name or anu ^ does not have to concern himself with making weekly or monthly deposits at the bank. This service is provided by the Company for all who wish to participate. Employees who do not wish to join the plan at this time may do so later. New employ i Is The Real enffi OThTi ! a I America! No. 2 1 I 1 >> ** - 1. i vvcts uum in mo unilCCt States. 2. I work for a textile company. 2. I do think people should own private property. 4. I do not think a company should make a profit. 5. I think all people should be Methodists. fi. I do not believo in plop. tions. 7. I don't care who owns newspapers. 8. State governments should own our manufacturing plants. 9. If arrested by police, a person is guilty. 10. I respect the American Flag. r: If Yoii Choose INo. 3, Y?? NOVEMBER. 1964 sy Man ... t Prosperity other since the first days of the machines which started the Industrial Revolution. "Technological innovation" has been a way of life in the American textile industry since Samuel Slater cranked u;~ 1 - u|j ins ui'uue nine mm in Rhode Island 174 years ago ? with five machines and four employees. Because this is true, we have the shuttleless loom, high-speed machinery, greater production with less effort, miracle fibers and fabrics ? and, most important, a vital, vigorous industry that has almost a million Americans in reliable, rewarding jobs. $3?*7 Pttl ^-rG-= O W&G -7? <4^. ees will be offered the opportunity at the time they begin work. Weekly deposits of $1, $2, $3, $4, $5. and $10 will be made, and the amount accumulated over 50 weeks will total $50. $100, $150, $200. $250. and $500, respectively. k American? n Stand Up? No. :i 1. I was born in the United States. 2. I work for a textile company. 2. I do think people should own private property. 4. 1 think a company should make a reasonable profit. 5. People should be free to worship God in their own way. 6. I should register and vote. 7. Newspapers s h o u 1 d be owned by free citizens. 8. Manufacturing n 1 a n t s should be owned by private enterprise. 9. A person is innocent until proved guilty. 10. I respect the American Flag. iiY?* Riglil!