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/ P»£e Four H THE CLINTON CHRONICLE Thursday, December 18, 1952 TRADITION FAVORS PROSPERITY IN EISENHOWER’S FIRST YEAR PHILADELPHIA—Both tradition ond trend favor prosperity in Presi dent-elect Dwight D. Eisenhower’s first year in office. In eight of the last 13 post-elec tion years, industrial production has overaged higher than in the election years. Five of these eight years fol lowed Republican victories. In only one Republican post-election year, 1921, was production lower. That was because of the post-World War time, and the improvement contin ued through 1909. Prosperity favored a Republican victory in 1912, but the Taft-Roose- velt split elected Woodrow Wilson (Dem.). Business continued good in the first half of 1»13, but slipped in the second half. In 1916, when Wilson barely defeated Charles Evans Hughes, war prosperity had permeated the United States and continued through 1917. I commodity-price relapse, which Warren G. Harding (Rep.) , re started while (Woodrew Wilson was in office President Warren G. Hard ing ‘ got" things back to normalcy. In the Wilsonian post-election years, 1913 and 1917, business moved more or less sidewise. Irr three Frankliii D. Roosevelt years, business moved up and in one, down. This “down" year was more statisti cal than real. The decline in produc tion in 1945, following the surrender of Japan, was primarily the result of the industrial switchover from war tc peace. It caused comparatively little unemployment. No Sudden Change In most post-election years busi ness took its cue from conditions at the time of the election. Trends don't change suddenly with Presi- dgnt?r--ar "the" from McKinley indicates: through Truman stored the Republicans to power dur ing the postwar slump of 1920. Bad business was blamed on the Demo crats. Business continued poor in 1921, recovering in 1922, and carry- into the 1928-29 boom, finishing out President Harding’s term, was elect ed in 1924 when business was re covering from a mild letdown. The next year was a year of prosperity. Herbert Hoover (Rep.), rode into office in 1928 on the prosperity wave, which lasted until the stpekmarket crash of '29. ’ i Franklin D. Roosevelt (Dem.) was swept into office by the depression which swept Hoover out. Production won again in ’36, as production recovered haltingly in 33. Roosevelt comes when production, consumer income, and employment, are at post-war highs. Yet, in spite of all this evidence of well-being, many business analysts fear a downturn in ’53. The reasoning runs: 1. Commodity prices have been weak, an augury that all is not solid underneath the business struc- ture. 2. Plant and equipment expendi tures are likely to turn down. 3. Export business is down. * 4. The Republican Party is com mitted to an anti-inflation policy. That suggests a cut in the federal deficit and, in the process, consumer income. • The first big test for business under Eisenhower will come in the spring. How will 1953 automobiles sell? Today there are 27,000,000 post-war and 17,000,000 pre-war passenger cars on the road. In 1939, istere^. So, the market for cars isn’t exactly exploited. Six-Inch Sermon REV. ROBERT H. HARPER the sins they commit, the evil they do. We are encouraged by the thought that some day God will put the devil down. Someone has even imagined that the devil himself will bring his crown to Jesus by and by. We should also be encouraged by the assurance that the kingdom of God is growihg in the world. though sometimes slowly, almost imperceptibly. It may be as the leaven, working secretly,-unseen. The lesson closes with the sad picture of Jesus being without hon or in his own country. It is said that he could do no mighty works there because of the people’s un belief. It is a tragic fact that men. can frustrate the gracious designs of God for them by their unbelief. But it is a blessed thing that they can bring the messengers of high heaven down to them through their faith. Spiritually things are spiritually discerned and are veri fied in one’s experience. We shall not undertake to pove them by a yardstick or weigh them in the balances. Rev. Robert H. Harper Jesus, the Great Teacher. Lesson: Matthew 13:24-35, 53-54. Golden Text: Matthew 13:54. There is almost universal agree- rundown 'reached- a recowry peak. .Xevex -that- Jesus is—the worldlei-. - less, unemployment was still high, around 7,000,000. Expansion conttnr- Wiliiam McKinley rRep.) was re-jued until the fall of ’37, 1 when the 1 turned to office in 1900, a reward!stock market and business had a} for record prosperity which con-i small-sized ’29. tinued in 1901 when new production ( in 1940, under the impetus ofj records were established. However,' orders from Europe, business was ‘ flock prices declined in the second,^;approving, and Roosevelt was elect- half of the year. 'ecLifor a third time. International de-| Theodore Roosevelt (Rep.), who I velopment—the Nazis had overrun took office in September 1901, after! Europe—influenced the vote, rather McKinley’s asassination, was elected I than business conditions. In 1944, in 1904, just as the stock market and industrial production were recover ing from a mild slump. Business re covered smartly in 1905. William Howard Taft (Rep.) de fied the theory that- depressions throw the ins out. He was elected in 1908, notwithstanding the depres sion and panic of 1907. However, tmscDess was improving by election Roosevelt won again during war time prosperity, which continued through 1945. (The 1945 drop in pro-| duction, as previously noted, was | statistical rather than economical.) Prosperity helped Harry S. Tru man (Dem.) defeat Thomas E. Dewey in 1948. Yet right after the election, th^ recession of ’49 set in. Eisenhower’s election victory Great Teacher. However, men may differ concerning tff@ mystery of Christ’s Person, there is little di vergence of opinion concerning! him as the world’s Great Teacher.! Let us, then, sit at his feet and | learn his word. The Parable of the Tares shows that there is a real devil at work in the tvorld, doing all he can against God. In fighting him, we must fight not wicked men themselves. But i DR. L. B. MARION NATUROPATH Res. Phone 939 500 South Broad St. Could You Put up $11,000 If You Had an Auto Accident? — — — ; * •" ■ ^ —— L- r _.' ' 2. . That’s what’s required by the new Safety Responsibility Law, effec- # . . tive January 1, 1953, in South Carolina. The easiest, low-cost way to com ply with this law, and protect your right to drive, is to insure your car > with gjiate Farm Mutual—the automobile iiysurance company that dared to be different in ways that save you money! Call or come in. M. Q. HIGGINBOTHAM .Hotel.Clinton Bldg.- ... CLINTON, S. C. •••cLIld ••• Telephone 960- LOUE W- NABORS Phone 2262 Joanna, S. C. State Farm Mutual Automobile Insurance Company Remember^, hospitality can be so easy Take the word of one who gets around to more homes than anybody else. Have Coke aplenty... and ice cold. 24 Bottle Cose Pint Deposit—At Yovr Dealer Net State Tax -—- Bottled Under Authority of the Coco-Coin Company By GREENWOOD COCArCtaLA BOTTLING COMPANY sgCeto* k m reptOerW tv»4» mmrk. O WC COCA-COtA COMPANY