Historical Newspapers of South Carolina

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OCTOBER. 1973 ^ On September 30 Davenports Cel PROFITS UND Nowadays profits are under attack. Many people just don't seem to understand why they're essential. Of course, we know that if the company doesn't make a reasonable profit, our P jobs may just fade away. ^ But it's not enough for us just to know this. We must spread the word. ?CM? The reason why drive-in banks are popular with women is that they can withdraw money from the back seat while their husbands make deposits from the front. ebrate 45 Wedding The children of them with a drop-i anniversary. In the receiving port, were their six Mrs. Janice Cannoi ' 3H| Clinton; and Mrs. K P Their only son, M; was unable to atter from North Carolir Mr. Davenport is a ER ATTACK When someone tries to tell you that profits aren't necessary, be ready with the straight facts. It's really a simple story: Profits provide the funds to expand business, to create jobs, to keep our economy moving ahead. Critics make much of the total volume of corporate profit. They are quick to point out that 1972's manufacturing profit was $28.6 billion. They tell the world that this is an awful lot of money and so it is. But they neglect to tell the whole story?that this figure represents only 4 per cent on total sales and that this profit margin was the lowest in 20 years. Tl.ey neglect to tell the important fact that only out of profit can come plant expansion and new job opportunities. That only out of profit can come the funds to train the undertrained. That only out of profit can come the research, technology and hardware which will permit solutions to our environmental problems. Today critics of the profit system are calling for control of profits. Yet, at the same time they are asking business to make great commitments to help save the cities and in other areas of social responsibility. Unless a business Ls operating profitably,* it cannot assure its employes oi meir joos ? mucn less lane on newsocial responsibilities. It's high time for all of us to become active defenders of the profit system. Our jobs are at stake! 7 ; Anniversary Mr. and Mrs. Joe Davenport honored n commemorating their 45th wedding line, along with Mr. and Mrs. Davendaughters, Mrs. John Shealy of Salisolly Boyce of Inman, Mrs. Pat Owens, n, and Mrs. Dianne Childress, all of athy Mabry of Virginia Road, Virginia, ijor Cecil Davenport, USAF England, id. relebration were out of town friends la, South Carolina, Georgia, and Viris a retired Clinton Mills employee. Plant No. 2 Loom Technician. I K. J U IUSTI NAMED ASST. SUPERINTENDENT John Thomas Iusti has been promoted from Loom Technician to Assistant Weaving Superintendent, according to Superintendent Glenn Gaskins Iusti is a member of the Lydia Pentecostal Holiness Church and is a deacon and a Sunday School Teacher. He is married to the former Era Hames and they have four children: Russell, 10; Tammy, 9; Pam, 8; and Andy, 4. His hobbies include fishing and hunting. ?CM? m 1VT Mil 1 C CF7 The way to greater prosperity is by way of regular job attendance through greater earnings.