The Clinton chronicle. (Clinton, S.C.) 1901-current, July 17, 1952, Image 12
THE CLINTON CHRONICLE
Thursday, July 17, 1952
Page Four
GOVERNMENT POLICIES MAKE
BUSINESS FORECASTING HARD
Bobson Cites Money
Program and Threat
of Strikes.
Babson Park, Mass., July 11—For
over forty years, I have devoted
most of, my time to forecasting
business, employment, and invest-
mcnl-conditions. I started with five
employees and now have over one
hundred and seventy on the job.
Our record has been good. And
furthermore, all we have said and
done is recorded in public libraries.
Great Changes Since The 1930's
Up to the time in the Roosevelt
Administration when we went off
gold onto paper
currency, we had
a yardstick
which we could
measure. M 6 r e-
there
Notes From The
County Agent's Office
By C. B. CANNON, County Ag«ni
Show at Waterloo, Iowa, where they
will compete against teams from
other states throughout the country.
Managed Currency Is Pleasant
But Dangerous Hugh B. Workman, Clinton, chair-
The fact is'that today there are man of the County P.M.A. Commit-
no economic CEILINGS and no tee, presided over a committee meet-
FLOORS. Three-quarters of the ing held July 7 at the P.M.A. office,
subjects upon which we used to de- discussing recommendations for the The second team, of four boys, will
pend in making forecasts are now >1953 P.M.A. program. Those meeting compete at the Atlantic Rural Ex-
of little account. Of course, Wash- with the P.MA. County and Com-, position, Richmond, Va., against
ington cannot continue indefinitely munity committeemen were: repre- teams from other states of the
the present practice of extending, sentatives of County Coservation Southeast.
unlimited aid to all groups. The, District supervisors; soil conserva- County Agents, trained the Laurens
Law of Action and Reaction is tion technicians; agriculture teacher; County team. The judging team is
fundamental, like the Law of Grav-, Farm Bureau; County and District to be congratulated on its placing.
as a district team on July 25th atjto prevent considerable damage.
Clemson with similar teams from thej For the next four to si* weeks will
other two districts of the state for , , , timcs for the cotto „ crop .
plaemg on the State Team which d t0 ^ weevll
Will be made up of the four highest „ h n ^ at least 21
scoring boys of the entire state. I , h , h ^ weevll does
The State Team will represent J
South Carolina at the National Dariy;
i little, if any, damage to the boll.
Infestation may appear not serious
just now due to cotton fruiting so
fast, (but the build-up of weevil in
festation within a short period can
be very serious.
ity. and must someday result in an foresters and Ranger and the County
economic crash. On the other hand. Ag en f
Cotton Fruiting Well
Where poison is being applied ac-
The recommendations will be for- cording to recommended practice,
warded to the State Committee for! the bo11 weevil is being held under
“DIE FOR ALL YOU ARE WORTH”
Hugh L. Eichelberger
NEW YORK LIFE MAN
31 Years Experience
PROFESSIONAL INSURANCE INFORMATION
FURNISHED FREE
Member The National Association of Life Underwriters
the Government can postpone such
a readjustment for some years
more boniL ' FurthTrmore^ T^'will, 1)16 State Committee consideration, contro1 - Where n o poison is applied,
bo a ereat temotation for’anv Ad- 1 who will make their recommenda-] th e rc is nothing, except the weather,
! ministration to do this—Rebubli- for the state program. The] ~
bv can or Democratic. amount of money appropriated by
This next economic smash will, Congress is not sufficient to permit 1 ^
over tnere was a;
CEILING above!
which business: . , ,. . . ..... . » .
could not go ex- S1 “ e sboulfl refuse to give m, the elimination of some of the wellj
cent at groat risk; w ‘f b a l ar ge number of industries es t a 5jj s h ec j practices, thereby making
and a FLOOR be- ^7? ^ ruc ^ at the jame time, we j the money go further on those
,it a
probably bo brought about by an all the farmers to participate in so:
ultimate showdown between Con- building practices, and it was the
gross and the labor leaders. If each thinking of the committee to suggest j‘x
::
low
Enter W. Babtoo no t
viisay’or. For instance, when in 1928
we TbudTv forecast the panic of
1929.._ it was necessary to pay
being struck at the same time, we
which it could] cou ^ ba . ve a depression. Al- nee ded practices not so well estab-
go without T s A w fjSht of my office one j ]ished<
The whole purpose of the P.M.A.
8'i
of the largest bus systems in the
world has been shut down for *20 r0 m - s tQ aid f armers t 0 estab-.
days, inconveniencing hundreds of, h farta practice on his farmi
of people and costing' , . , ; f
n
1
thousands
, , tU „, through the aid of money appropri-. s
the employees and the company a
actiially higher, these Money Rates
ore slightly above 2'^.
rs a week. What would, ated building practices It is
known that some farmers of the
„r.nr,*y. ha ve drawn soil building
interest in ordim to t»orrow on the|
best collateral. Today, with prices ^ihiion'd 0 fi”r
happen if a dozen of the country’s,
, | largest transportation svstems c0unt y
.nr f .h h f a /l U r ch r ; sh °uld so strike at the same time?! practice money on a crop of lespe-
n nrm- 1 ] b » ha ometers of im- The steel strike which has thrown deza and then burned off. Such use
ptndii,. Ganges, are another 1 6 5 0>000 steel wor kers nut of em-. of taxpayers’ money in a farm pro-' i\
Z“pioympTrt. - hay-affected so many^ram. ii_j^grellable, Lajids^ Laq-jg
_-t . u ith liabilities of 500 mil- hmcinocooc th« ^'hrwlrt rens Countv need" all all the humus in T tt
lion. \et. today, witn nearly twice
J.:
11
H
11
♦V
he volume of business, failures are
other businesses that the whole ; rens County neecf all all the humus in
U. S. production of all goods has the soil possible for greater and more
fallen 10L during the past few economical crop production. |g
weeks. What if the employees ofj P..M.A. Money Out For 1952
is due to the fact our ten lar £ est industries, doing The P.M.A. office reports that 1 ?;
s i 70' of the nation's business, should many farmers are on the list who $
strike at once! will not be able to receive any
running at the annual rate of 8,000,
with liabilitiei: of $300 million.
This, of course,
that the Reconstruction Finance
Corporation, the Federal Mortgage
1952tg
Banks and the-various other Gev-
< rnment aids make it unnecessary
tor a concern to fail. Therefore,
statistics on failures are now of lit
tle use when making forecasts.
OFFICE SUPPLIES
Complete line, all the little items
needed for the office.
CHRONICLE PUB.* ISHING CO.
Phene 74
How Can We Forecast? ] soil buitding practice payments due ^
By a study of new subjects, such • to insufficient money. The money K
as dividends and wages received, I was allocated to the various farmers ^
selling and advertising expendi- on the basis of ifrst come first served. ] ^
tures, and various confidence in All farmers were given at the same if
dices, it is possible to make AC-(time notice of such action on the sJ
CURATE forecasts for perhaps four i part of the County Committee,
to six months. When, however.! The allotment of money for soil':;:
experts attempt to tell you what building practice for each' farm is if
the business, employment or stock arrived at by multiplying one dollar s’j
market conditions will be for more
than a vear ahead, this is non
sense.
Gray
Funeral Home
Clioton, S. C.
FUNERAL DIRECTORS
...and...
EMBALMERS
Phones 41 and 399-J
AMBULANCE SERVICE
L RUSSELL GRAY and
V. PARKS ADAIR, Gen. Mrrs.
per acre times the acres of crop land j-;
« T * . a . j on the farm. For example, a farmer jj:
. o facts now exist to give hdas 50 acres ^ cr0 p i an d a then the
nQCic tnr nnmn or.
proper basis for any such long-term
forecasts. Some will sav. It is in
] soil building allowance for the farm
I is
S50.00, and- may be used in car- {•:
out practices on the farm as i.i
the hands of the gods." I even deny
-This and sav.—ft is in the lunds uf rY , in , , , . . ,
Congress." If Congress should get i se!ected under thc regulations by the «
fed up with labor leaders and de- * arm 0bcra * or - ]S
n.and a showdown, and the labor Laurens—County—was—allocated
leaders should refuse to be reason-1 $112,100 in 1951 and $91,200 for 1952.
able, a depression could come next Of this $91,200 the County P.M.A.!
I year. The probabilities.' howeyer, 1 Committee has transferred $1250 to
, are that Congress will allow mat-(the Laurens Soil Conservation Dis-
ters to drift for some years. But the I f or compliance work by the
11 longer cancer runs its course be- s 0 ji Conservation Technicians, leav-
fore a surgical operation, the more 1 ing onlv $89 950 going to the farm _
dangerous the operation wnl be , e rs of Laurens County in carrying
tout soil building practices for 1952.
♦♦
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when it finally takes place.
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MIDWAY
Drive-In Theatre
NEWEST AND FINEST
CLINTON — JOANNA
THURSDAY
JULY 17
BOMBADIER
I*at O’Brien — Randolph Scott
CARTOON
* *
a
3.:
Vi
• %
FRIDA Y-6ATURUDAY JULY 18-19
BEST OF THE BADMEN
Robert Ryan — Claire Trevor
COMEDY — CARTOON
MONDAY-TUESDAY JULY 21-22
I’LL SEE YOU IN MY DREAMS
+ Doris Day — Danny Thomas
CARTOON
3398$:*: As rnen li (>n ed above, many farmers'
****** I names are on the waiting list in
1} P.M.A. office as all 1952 money has
g been taken up by first come first
a‘ served system.
• • K ■
! R. W. Hamilton, Chairman, South
Carolina State P.MA.. Committee,
states that the National Policies that
will be followed in 1953 Agricultural
Conservation Program calls for all
farmers to be individually contacted
by his P.MA. committeetnan and
given an opportunity to request as
sistance in the carrying out of es
sential conservation practices under
the 1953 Agriculture Conservation
Program. This of course will cost
several hundreds of dollars to make
these contacts,, and yet all soil build
ing practice money is taken up as it
now stands by farmers volunteering
coming to the PJMA. office and ap
plying for soil building practices.
4-H Dairy Judging Team
Laurens County 4-H Dairy Calf
Club judging team placed second in
the Piedmont District Contest held
in Spartanburg County on the dairy
farms of W. W. Almond, Jonesville,
Guernsey breeder, and Ward Crim,
Moore, Jersey breeder.
Members of the team from Lau
rens County were: Sanford Chap
man, Sandy Springs’ Community;
Phillip Madden, Big Poplar Com
munity; Steve Tollison, Hickory Tav
ern Community and Charles Nalley,
Thornwell Orphanage. Sanford
Chapman placed second highest man
of all 4-H club boys from six Pied
mont counties. Sanford will be one
of four of a team who will compete
Dr. Fred E. Holcombe
OPTOMETRIST
Offices at
200 South Broad St.
Phone 658
Office Hours 9:00 to 5:30
WEDNESDAY
JULY 23
NAUGHTY NINETIES
Abbott and Costello
WESTERN SHORT — CARTOON
Wahoo Thursday Night
ADMISSION 40c
I Children under 12 admitted FREE
First Show Starts at Dusk—Second Show at 10 PJL —
Goodyear Tires
and Tubes
BATTERIES AND
ACCESSORIES
McMillan
Service Station
Sinclair Prod acta
—/—
Saint-Amand Thanks
Laurens County People!
I humbly and sincerely appreciate the splen
did support which the people of Laurens County
gave me in the first primary. The second pri-
• mary will be held on Tuesday, July 22nd. I am
hopeful and expect that all those who voted for
‘ me in the first primary will go to the polls. Those
__ who were absent during the first primary, I hope
will vote in the second primary. Your great sup
port and help has encouraged me to look for
ward to the primary of July 22nd. My best ef
forts will go into winning this race, and if elect
ed, I will work very hard to justify your confi
dence.
CANDIDATE FOR SOLICITOR
What’s a picnic
without Coke ?
picnic is lively and
with fun. The life
of ice-cold Coca-Cola
much to any occasion..
•OTTICO UNDfl AUTHORITY OF THI COCA-COLA COMPANY «Y
"CJnTk*
GREENWOOD COCA-COLA BOTTLING CO., Greenwood, S. C.
O I***. THI COCA-COLA COMPANY