The Clinton chronicle. (Clinton, S.C.) 1901-current, May 12, 1949, Image 12
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Pag;® Four
THE CLINTON CHRONICLE
)
THURSDAY. MAY 12. 1M9
Babson's Letter
CALI... W
TELEPHONE
1 '■
± 0
Every time I travel throughout
this vyonderful country I am more
, convinced that good land, properly
— located, is the safest of all invest-
BY ROGER W. BABSON ! ments, better than government
Eureka. Kansas, May 6.—During bonds. As I have said in this column
the past week 1 have been motoring before, everything that feeds us, or
through the six states of America's clothes us, or shelters us, comes
"Magic Circle”, the richest in time from the soil.
of peace and safest in time of war.! This is not a recommendation to
This “Magic Circle” is majie up of speculate in land, especially at pre-
lowa, Missouri, Arkansas, Nebraska, sent high levels. This, moreover, is
Kansas and Oklahoma. If the peo- a time to get out of debt rather than
pie of these states arise to their re- to buy anything on a mortgage. Bu
sponsibilities, they w r ill someday next to cash in the bank, give me
have an opportunity of organizing good income producing well-located
and controlling the Unifed States. land, preferably "bottom land lo-
: cated on a stream.
Once was the time when titles
had to be examined with great care;
but now with the Torrens System
you can be sure that you have a
perfect title if your land is properly
registered. This system is now avail
able in 16 states. All of the other
states should adopt it. Those inter
ested in further information regard
ing the Torrens system of checking
and insuring land titles should write
to my friand, Mr. W. C. Perry, 876
Elm street. New Haven, Conn. I like
good land everywhere, but especially
in the six states mentioned above
which make up my "Magic Circle”.
For further particulars regarding
this "Magic Circle", write to W. A.
Bowers, president of Utopia college,
Eureka. Kansas, or to~the First Na
tional bank of Oklahoma City, Okla.
Outlook
All I meet in the Central West ask
about business conditions in the East.
Although farm prices have declined
considerably since I was here a year
ago, yet the people here are optimis
tic and cannot understand unem- ;
ployment or business failures such
as the East is experiencing.. In be
half of my Eastern friends let me
say that the farmers of the Central
West have no idea of what Eastern
manufacturers are suffering from 1
ill-guided labor unions. Truly when
as. and if, another depression comes,
' it will be due to the overreaching
of labor unions.
I find very little land speculation
out here. Farmers are rapidly get
ting out of debt and improving their
properties. Most farmers have gov
ernment bonds and a good bank ac
count. Hence, although the prices
of farm products will gradually de
cline, yet there will be no collapse
as there was-In J the early thirties.
Although I don’t believe in the lat
est attempt of the Secretary of Ag-
| riculture to please everybody, yet I
| do believe that some form of parity
i farm support should be continued.
I am one of those who agree with
George H. Le Boeuf of Dayton, Otuo
that a manufacturer who refuses to
Benjamin & Sons
Expert Workmanship
CRANE
Quality Materials
market is passing more largely in
to the hands of the large corpora
tions, not only by internal growth,
but by the absorption of the small
firms.”
Noting that the council’s report
j said small firms can compete suc-
I cessfully, Dr. Gardner asked: “If
j they can compete successfully, why
I is the process of absorption contin-
| uing?”
His answer, based on the survey
, of a number of firms in the $250,-
000-$5,000,000 assets range is this:
| "One' fact stands out in startling
fashion, that many of these firms
are basically owner-managed oper-
, ations with little provision for the
' development of an executive or
ganization able to operate the busi
ness in event of the death of the
president.
"The fact is that with many of
Tfie one-man firms the founder was
a man of great ability and tre
mendous energy. In the early stag
es, he was everything—he knew ev
erything, could do every job and
made every decision.
"As the organization grew, he
continued to dominate. He not only
felt he could do everything better
than anyone else, but he also loved
to do it.
“But at no time did he give real
thought to building a managerial or
ganization. His sons had titles, but
he still did everything.
“They never learned to mak de
cisions, to carry real responsibility,
to make errors and learn thereby,
nor to fight their way up in the
competitive world.
“So when the founder dies, the
organization is left without real
leadership. Morale and efficiency
decline. Before anyone is quite aware
of the seriousness of the situation,
the business has lost its competitive
position, and all the family can do
is sell out—and the only capital
waiting for such a buy is usually
the large corporation.”
Dr. Gardner said that in many
such cases, responsibility falls on a
plant manager who has been train
ed to “let the old man do it, and
who consequently has lost the vision
or versatility necessary in competi
tion.”
When a second line man is sud
denly thrown into such a position;
Dr. Gardner added, he usually
makes "genuine attempts to take
Over roles for which he is unpre
pared. This leads to emotional
strain which cuts his judgment
capacity, or he 'falls back on the
judgment of the owners or the
board of directors, neither of which
is equipped for rapid decision.
“Sometimes cliques, which have
been held down by the old man’s
drive, further disrupt the organiza-
• tion.
“The remedies,” Dr. Gardner con-
| eluded, “are obvious: Find jmd de
velop executive talent through the
j various testing processes now avail-
' able; and be sure that the old man,
in himself, really understands the
functioning of his organization.”
DON’T SAY noon PAINT-SAY
DOES MORE • COSTS LESS
t.D. ciwte
MA/V OF GREAT
CAL/BRE /S SELDOM
A BORE.
We never bore you with
offers of substitutes. We
carry a w ide stock of well-
known merchandise, which
makes shopping here a
pleasure.
M'GEE’S
DRUG STORE
Phone No. 1
BIRDSEY’S
FLOUR
(H ALITY & SAVINGS
BIRDSEY’S
BEST
25 lbs.
4-BROTHERS
25 lbs.
*2.04
! 1.87
MONEY SAVER $
25 lbs
1.74
COFFEE
BIRDSEY’S BEST
Lb.
Vacuum Can
59’
i
4-BROTHERS
40 c
fairplay
30 c
BIRDSEY'S feed
FOR (H ALITY
AND
dependability
shut down his plant should be in
sured against loss as well as th« far
mer who continues to raise crops, i
Mr. Le Boeufs program would do
nothing for the manufacturer whe
throws .his labor out of employment,
and then takes a trip him
self to Florida. The manufacturer,
however, who will keep his plant
operating and his people employed
deserves industrial insurance just
as much as bank depositors or farm- 1
ers.
Such an insurance program would
not be to expensive foe our federal 1
government because if all manufac-l
tuners kept their plants operating,
there would be purchasing power
sufficient to buy most of the goods I
produced. Hence, there would be
\ery few insurance payments. Busi
ness depressions cannot be altogether
eliminated any more than can sick
ness. But they can be greatly dimin- !
ished in severity. As the health de- \
partments of our cities are constantly
reducing sickness and the insurance,
companies are taking care of the!
unfortunate, so unemployment can
likewise gradually be reduced.
'
_ t
!
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i
I
-MASH
RTER
lbs.
)\YING
SH, 100 lbs.
LATCH
’4.89
’4.59
$
4.00
lbs
fING MASH [JQ
RY FEED gQ
’ICO
■3.75
lbs. 2»7c
& HOG
JD, 100 lbs.
ISE FEED
lbs
airplay chicks
lace Orders Now for
Future Delivery.
RDSEY FLOUR &
FEED STORE
\ Parks Adair, Mgr.
Musgrove Street
SMALL BUSINESSES
FAIL WHEN OWNERS
LEAVE NO LEADERS
Chicago, May 4. — Why does big
business absorb small firms in the
$250,000 to $5,000,000 class?
"Because,” says a management re
search firm, "small business has
failed to develop” an executive hi
ierachy capable of running it after
the death of the founder.
Dr. Burleigh B. Gardner, presi
dent of Social Research, Inc., which
includes psychologists, anthropolo
gists and socioligists, headed a sur
vey of the question.
In an interview. Dr. Gardner cit
ed reports of President Truman’s
council of economic advisers. These
he quoted as saying:
“Year by year the control of the
j
ATHLETES FOOT ITCH
NOT HARD TO KILL.
IN ONE HOUR,
If not pleased, your 35c back at any
drug store. TE-OL, a STRONG fun
gicide, contains 90*^ alcohol. IT
PENETRATES. Reaches MORE
germs to KILL the itch. Today at
McGee’s Drug Store.
COMMERCIAL
HOUSEHOLD WIRING
Electrical Appliance
Repairing and
Electrical Construction
Work
Floor Plugs A Specialty
ARNOLD M. CANNON
406 W. Maple St. Tel. 312-XJ
If Yon Don’t Read
THE CHRONICLE
You Don’t Get the News
‘auto loans
PROMPT SERVICE
Goodyear Tires
and Tubes
SECURITY loan and
INVESTMENT CO.
(Chartered 1905)
1219 Bop^e Street
Newberry, S. C.
L. W. Cooper, Agent
Clinton, S. C.
BATTERIES AND
ACCESSORIES
McMillan
Service Station
Sinclair Products
Phone No. 2
i
Graybar Sewing Machines
We invite you to come in and see these new
machines.
Cabinet and portable types.
Easy terms if desired.
Home Si
ipply Co.
104 Pitts Street
Call 423
Yes, Flor-Ceal does all the work
with just one coat—and in oat
operation! It leaves a lastingly
beautiful floor that’s protected
from dirt and wear,oil or grease
... a floor that’s easy to keep
dean! All for a cost of only
about 1 cent per square foot!
EASY TO USE-DMCS OVEKMCIfT!
Plor-Ceel fo«f on just like say
psint—with a brush, spray or roltet
coster. Oas coat covers I And yet
caa paint it m oae day. aas it the
aaatr
Flor • Csal la guaraateed not tt
crack, chip or pasl. It ia absolutely
non-slipptry. Treat yeur fleers M
aew beauty and life with Pier-Caali
For ALL SURFACES • INSIDE OR OUT
WOOD Ot UNOUtM MttMINTS
CI e a i (transparent) Base meal Deers caa Bt
rier-Ceal hrings ewt brightened end prw
etT'ead art"elel&"3
OTMS Mad Ser M |ckJy w«W ner-Csai!
COMCftfTt
rioc-C#al in ike ideal
psint fee isnsrtas
perches, ceragee. It
ess Is against stsiaa.
wear end waalbsr.
Won t ship er peel I
No attra praearattan
aeadad aaaapt Ser sea-
ly laid raarresa. Ia 4
colors sad black and
FOR HOMI r'PAtM • FACTORY 4
NOW YOU CAN OCT FiOR-CCAl FROM THISI DIALERS!
D. E. TRIBBLE CO., Clinton, S. C.
DONT SAY FLOOR PAINT . SAV FLOR-CEAL.
^ a-a. wi«« w pm* • i
Abeelataly ana slippery
——
—
Bigger^ Wiijs...
DODGE gives you extra value
WIDER on th« inside... NARROWER outside! There’s extra
value in the spread-out elbow room of the wide, wide seats. Yet the
new Dodge is smaller on the outside ... easy to park, easy to garage^
# easy to thread through crowded traffic.
LONGER on the inside * , * SHORTER outside! The new leg
room in Dodge gives extra value in stretch-oyt comfort. Doors
open wide, too ... let you get in and out easily without squirming
or twisting—and without knocking your hat off, either.
If you want extra value, you'll want DODGE!
There’s extra value in Dodge beauty that flows from true
functional styling ... in the design that provides more
head room, more leg room, more elbow room, greater
vision for all passengers.
There’s extra value in Dodge’s Get-Away engine with
its surging acceleration ... its higher compression that
squeezes extra miles from every gallon of gas . . . the
smoothness of Dodge All-Fluid Drive at no extra cost.
Yes, you’ll want Dodge for the extra value you get all
the way from double-life hydraulic brakes and Safety-Rim
Wheels, to the luxurious comfort of full-cradled ride and
knee-level seats.
Add to these the Dodge reputation for dependability
and economy and you’ll discover why wise buyers say
“If you want extra value, you’ll want Dodge.”
CYRO-MATtC...'FREES YOU FROM SHIFTING
(ArmUmbl* on Corooot Modok)
HIGHER on »h« inskfa... LOWER outsidd Mora
head room is another Dodge extra value you’ll ,
appreciate. Instead of low, slanting seats that force
a cramped position. Dodge knee-level seats are
actually higher for relaxing comfort, better vision.
TEN NEW MODELS
IrtFlFOTj
Prices start just a few dollars more
with (Tyrol Fluid Drive
than the lowest priced cars
COOPER MOTOR COMPANY
211 West Main Street Telephone 515