The Clinton chronicle. (Clinton, S.C.) 1901-current, December 18, 1952, Image 20
/
Pȣe 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