The Clinton chronicle. (Clinton, S.C.) 1901-current, October 27, 1949, Image 13
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Thursday, October 27, 1949
THE CLINTON CHRONICLE
Page Five
BABSON
Cities Must Spend Bil-
lioons on Tronsportotion
Problems.
Babson Park; Mass., Oct. 26 —With
so much talk about the automobile,
steel, coal textile, shoes, clothing and
other industries
having “reached a
peak for this busi
ness cycle’*, read
ers ask: “What in
dustries have | yet
gi eater growth a-
head?” In reply I
will mention four
such.
Millions of dollars
must soon be spent
on new nnlets and
exits to our large
cities. Thousands of new underpasses
and overpasses must be built. Our
entire transportation problem, from
automobiles down to conveyors, needs
overhauling. Every city and plant
could reduce costs and increase effi
ciency by better roads and conveyors.
My favorite company in this field is
the Link Belt commpany. Its stock
sells on the New York Stock Ex
change at about 61.
Not only is the need for better
transportation vital, but it will be
easy to raise funds for such projects.
We do not object to gasoline taxes
if we are sure that the money is
being spent for better roads, more
bridges, etc. Automobile owners (and
there are forty million of these) al
so like the new toil bridges and toll
roads such as have been built in
Pennsylvania, Connecticuult and
Maine. Not only are these undertak
ings good money earners, but then-
bonds, being non-taxable, have a
ready market at low rates of inter
est.
Labor-Saving Machinery
The only way that manufacturers
can successfully meet labor’s demand
for more wages is thru the use of
more labor-saving machinery. One
of the leading companies manufac
turing such is the American Machin
ery & Foundry Company. This stock
is listed on the New York Stock
Exchange and sells around 13 and
one-half. I personally know its
president; its management is very
progressive. There are also other
good companies and the entire in
dustry looks bright to me.
A email company developing la
bor-saving food machinery, in which
my family is in'erested, is the At
lantic Coast Fisheries Company. This
owns all the stock of the Fi§h Ma
chinery Company which is develop
ing very wonderful machines to take
the bones out of fish and make fill
ets mechanically. For the most part
even today, from the time a fish is
caught until it reaches your dinner
table, hand labor only is used. Fish
ing is both the oldest industry and
the most antiquatedly operated. It
is greatly in need of more mechan
ization. The entire stock of this
company sells on the New York Curb
at about $3.50 a share.
Telephone Industry
One of the greatest labor saving
inventions is the telephone. The in
dustry is very progressive. Before
long a new telephone writing ma
chine will be^ available. This will
send anywherer on regular telephone
circuits, absolutely confidential and
instantaneous messages, in the send
er’s own handw-riting and with his
signature. This machine is being
perfected by the TelAutograph Cor
poration. Its stock sells on the N.
Y Stock Exchange at about 5Vi- I
office will gladly give you partic-
it to anyone.
I am optimistic on the entire tel-
phone industry. It is being used
more every day; it has excellent
management and fairly good labor
relations. All you readers should
have a little stock in the telephone
company which serves your commun
ity. The manager of your telephone
office wil Igladly give you partic
ulars.
Food Merchandising
Food is the one thing we all must
have. There are many good inde
pendent grocers and small grocery
chains which are entitled to your pa
tronage. I think it is generally
agreed, however, that the A & P
sets the pace for the entire food mer
chandising industry as to quality,
service and low prices. Truly it is
a wonderful organization.
The stock of the Great Atlantic &
Pacific (now foolishly threatened by
Government suit) sells on the New
York Curb at about $126 per share.
There are very ■ few better invest
ments. Instead of worrying about
inflation, or Ipbor troubles, or World
War III, invest your money in one
of these four industries.
THE CHRONICLE
Completely Covers Clinton’s Trade
Area for Advertisers
There Is No Substitute for News
paper Advertising
YOUR 5. C. SENATORS ARE EXPENSIVE; 1950
MODELS TO COST TAXPAYERS $50,905 PIUS
i
Washington — The IQSO-modeJ
United States Stator is going to
cost the American taxpayer $50,905
a year*-and up.
That’§ the package cost in salaries
end expenses for a pingle Senator and
his office staff. The bill for all 96
of them will run around $5,000,000
a year.
The cost per Senator went up
about $3,000 a year this week when
Congress voted the money to permit
Senators to increase the pay of their
office help or add another worker to
their staff.
One midwestern Senator put the
blame on the taxpayer for the high
Senatorial costs. He didn’t want his
name used.
“I’m snowed under with mail,’’
Senator X said. “We get about 1,000
letters a day in my office. That means
that five or six stenographers and
clerks do nothing but handle the mail.
I never see most of it. I can't. Be
cause if I tried to answer each letter
personally—I’d be doing nothing but
dictation all day.”
A Senator’s pay is $12,500 a year.
It’s generally agreed the salary is
modest enough. A top-rank ambas
sador receives $25,000 a year plus
expenses.
But the Senatorial salary is only
the down payment. The real cost is
in the fine print. Take the case of
Senator X:
In addition to his salary, he gets
another $2,500 a year for expenses.
This expense money is tax free. He
need make no accounting of how he
spends it.
The Senator comes from a state
with a population of less than 3,000,-
000. That means he can draw $35,-
400 a year for his office help. Each
Senator is entitled to at least six
office workers, an $8,400-a-year ad
ministrative assistant, and an addi
tional $6,700-a-year aide.
In addition to salary, expense mon
ey, free office rent, and office help,
Senator X gets $105 worth of free
stamps each year. This is outside
’his free mail privilege.
He also gets $400 a year for sta
tionary. He can have 250 minutes
of long distance calls for free—or
50 calls. And he receives a payment
of 20 cents a mile for travel pay at
each session of Congress—the amount
based on the distance from Washing
ton to his home town.
May Get More
If Senator X’s state ever grows
above the 3,000,000 population mark,
he’ll get more office help. The size
of his staff payroll depends on the
size of his state.
A Senator from a 3,000,000-5,000,-
000 size state gets $36,900 a year for
his office expenses; the 5,000,000-10,-
000,000 size gets $42,420; and the 10,-
000,000 New York size state draws
$43,920.
The new law increased Senator
X’s office pay pool by 11,520. This
raised it from $23,800 up to $35,400.
But the increase isn’t as big as it
looks.
Now the Senator must pay his ad-
Vninistrative assistant out of the of
fice salary pool. Heretofore, this
assistant was paid separately by Con
gress and the cost was not included
in the office expenses.
Assuming Senator X pays his ad
ministrative assistant the basic $8.-
400 a year, then he will have $3,120
left over. He can use the money
either to hire a new office worker,
to increase office wages—or both.
It so happens Senator X pays his
top aide $10,000 a year. So he’ll have
only $1,520 out of the $11,520 in
crease to give pay raises to his of-
Ifice help.
“None of us are starving,” the Sen
ator said. “But this job isn’t a gravy-
j train even with the extras.”
Extend those shreds of leftover
j roast chicken with some oysters,
| bury them in a cream sauce and top
! with grated cheese. Heat until bub
bly.
SIX-INCH SERMON
By R«*v Robert II. Harper
ISAIAH teaches trust in god
Lesson for October 30: Isaiah 7:
3-7; 12:2; 26:l-7; v 30:1-2, 15-17.
Memory Selection: Isaiah 12:2.
The present lesson begins with
God’s assurances to Ahaz, the king
of Judah, that the designs of Syria
and Israel,against Judah would come
to naught. They would not overrun
the kingdom, and they would not
set a puppet king on the throne. The
House of David would ^e saved.
The Thanksgiving expressed in Is
aiah 12:2 was evidently for the de
struction of Sennacherib’s host— a
miraculous, occurrance strikingly de
scribed by Lord Byron in his Hebrew
Melodies. This deliverance came
during the reign of Hezekiah. son
of Ahaz. After a plague that fell
in the night upon the Assyrian host,
Sennacherib fled back to Nineveh,
where he was slain by assassins.
The next passage is a song which
the prophet declared would be sung
in Judah. He evidently had in miod
a distant time when Judah should be
delivered from all enemies. The
might of the Lord would do this. The
trust which is taught in God should
be learned now A great revival of
trust in God is sorely needed, not
only by individuals, but also by the
rulers of nations.
The last passage^-against an al
liance with Egypt, could well be con
sidered by the nations that face the
working out of peace for the world.
Whatever may be the value of the
international policies of the pres
ent, and of this pact or that, and the
hope of security through them, the
great lesson that should be learned
by the nations is that of trust in God
to bring all the threatened evils of
the time to naught.
You’ve heard of deviled eggs,- but
how about cabbage. Cook the cab
bage until tender, then to 4 table
spoons of butter add a dash of dry
mustard, a sprinkling of Worcester
shire sauce and salt to taste. It’s ele
gant over the vegetable.
AS SUN IN
HOUSE AND .
GARDEN
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