The Clinton chronicle. (Clinton, S.C.) 1901-current, June 18, 1953, Image 13
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Thursday, June 18, 1953
THE CLINTON CHRONICLE
Page Five
BABSON DISCUSSES JOBS; SAYS
REALISTIC PLANNING NEEDED
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By ROGER W. BABSON
Babson Park, Mass., June 18.—
It is time for'both businessmen and
educators to put an end to the reck
less over-expansion in the field of
engineering education. Many edu
cators and their young student
counselors are being misled by the
current strong demand and high
wages for “physicists, engineers
and drafftsmen.” I predict a lot of
disappointments In just a few
years many of these hopeful en
gineering students may well be
come mere technicians simply be
cause the supply
will far outrun the
demand.
Business Depends
On What People
Will Do
The ec o n o m i c
welfare of any na
tion depends upon
two general f a c-
tors: (1) the devel-
*oc«r.w. Bsbsoa opment of its ma
terial, educational
and spiritual resources; and (2) the
efficiency and fairness of its dis
tribution methods. In a free econo
my this is the way the real, lasting
welfare of a people is improved—
by producing more and distributing
same at less cost with less waste.
My years of studying business con
ditions have forced me to conclude
that reckless over-expansion in any
field can never become permanent
Our economic history has usually
consisted of distinct movements,
and these movements have usually
consisted of four periods: (1) a pe
riod of over-expansion; (2) a period
of decline; (3) a period of depres
sion; and (4) a period of improve
ment. Our history clearly outlines
periods of intense activity, high
prices, speculation, and borrowing,
followed by periods of faling prices,
periods of depression and failure.
The movement which business fol
lows depends on what people think
and do. When people get careless
and fail to heed the danger signs—
when people become greedy and
try to get more than they give—
over-expansion usually follows.
Following the crowd is usually fol
lowed by panic, contraction and re
adjustment. Remember 1929!
Realistic Planning Naadad
The trouble with most of our
high school and college youths is
that they don’t remember 1929.
I’m glad they don't. But thy should
know the- lesson that 1929 taught
And then teachers—and business—
should try to help prevent another
such period by avoiding the temp
tation to over-expand and get the
last dollar in profits or wages.
Let me be more specific. I read
dozens of newspapers and periodi
cals each week; and I have doz
ens more digested for me. I read
everywhere about the demand for
engineers. One recent study of 174
companies indicates companies are
hiring about 25 per cent more en
gineers this June than last year,
and at salaries nearly 10 per cent
higher than last year—ranging up
to $400 per month. Not once in my
reading have I yet run across any
warnings from company recruit
ment officers or top • management
that the demand for engineers is
coming perilously near the satura
tion point. Is this not a responsi-.
bility of both business and the
school?
Emphasis On Distribution
In the last half century we have
succeeded in doubling man-hour
output and at the same time in im
proving our quality of manufac
turing. We can now produce in
most industries more than we can
consume. During the last ten years,
however, we have improved our
distribution very little indeed. As
a matter of fact, some sales forces
have lost ground. They have for
gotten what efficiency and service
require. I predict the second half
of this century will see a belated
revolution in our distribution ef
ficiency. This is where the jobs
really are! Why aren’t our high
school and preparatory school coun
selors calling attention to these op
portunities? Why isn’t business do
ing a better job of long-range plan
ning and making those long-range
distribution needs known?
Young people, in fairness to
them, should be made aware of the
fact that no company can guaran
tee to hold them at the drawing
board or on the production line
when business declines. As read
justment develops out of our post
war period of over-expansion, only
the most fit engineers will survive.
Demands for engineers are at a
maximum now. Those who will
graduate from engineering schools
and colleges a few years hence will I
not have it so good. They should
learn it now so that they can plan
realistically for a productive job
in our economy and avoid being
disappointed by present rosy engin
eering promises,-
Equalized School
System Is Ready
For Court Test
Columbia.—South Carolina’s first
equalized Negro-White school sys
tem is ready for a Federal Court
test.
The Negro schools at Summerton
in Clarendon county, against which
Negroes brought an anti-segrega
tion suit, have finished a three-
school $700,000 equalization pro
gram.
A special three-judge Federal
District Court ruled more than a
year ago that segregated schools
were constitutional if facilities were
equal.
At thah time the state had just
embarked on a multi-million dollar
sales tax - supported equalization
program. Summerton got priority
as it was there that the National
Association for the Advancement of
Colored People^brought its case
through Negro parents and guardi
ans.
The NAACP appealed to the U.
S. Supreme Court, which heard ar
guments last December. The court
has called for more arguments, this
October 12.
The three-judge court’s ruling
upheld a long-standing high court
decision that segregation is per-
missable wher facilities are equal.
The NAACP is asking the Supreme
Court to overturn its old ruling.
Summerton has built two gram
mar schools and one Negro .high
school. It’s spending is a small por
tion of the more than 50 million
the heaviest share going to Negro
schools, already spent by the state
program.
CpI. Simmons With
Military Police
Earl Blake Simmons, son of Mr.
and Mrs. Henry A Simmons of
Route 1, Clinton, is presently serv
ing with the 11th Military Police
Company at Fort Campbell, Ky.
A veteran of 19 months of mili
tary service Cpl. Simmons received
his basic training at Fort Jackson.
Upon completion of basic training
Cpl. Simmons moved to Fort Ben-
ning, Ga., where he successfully
completed Basic Airborne School
which qualified him as a parachut
ist. Next Cpl. Simmons went to
Fort Campbell where he joined his
present unit and is now working as
a military policeman.
Say—
“I SAW IT IN THE CHRONICLE”
Thank Yoo
“DIE FOR ALL YOU ARE WORTH ’
Hugh L. Eichelberger
NEW YORK LIFE MAN
32 Years Experience
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SPARTANBURG
MEMORIAL AUDITORIUM
Box 1410, Spartanburg, S. C.
Savings Accounts
3%—DIVIDEND—3%
We invite savings accounts from the people of Clinton
and vicinity. You will like our friendly and efficient ser
vice, and you will receive your dividend promptly each
January 1st and July 1st. Any amount — from $1 up —
opens an account.
Each account is insured up to $10,000 by the'Federal
Savings and Loan Insurance Corporation. Two people may
have up to $30,000 fully insured.
Accounts by mail promptly acknowledged.
Chartered and Supervised by the
United States Government
Laurens Federal Savings
& Loan Association
Telephone 22271
LAURENS’ LARGEST SAVINGS INSTITUTION
104 West Main Street Laurens, S. C.
Read The Chronicle-Y our Neighbor Does
FINAL SETTLEMENT
Take notice that on the 26th day
of June, 1953, I will render a final
account of my acts and doings as
Administrator of the estate of N. A.
Shouse, Jr., in the office of the Judge
of Probate of Laurens County, at 10
ifcVjlock a.m., and on the same day
will apply for a final discharge from
my trust as Administrator.
Any person indebted to said estate
is notified and required to make pay
ment on or before that date, and all
persons having claims against said
__e3tal£._>dll present them on or fefi-.
fore said date, duly proven, or Del
forever barred.
N. A. SHOUSE. SR., Adm.,
R-l, Whitmire, S. C
May 26, 1953. 18-4p
with a
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...at •••
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Your Authorized JOHN DEERE
Dealer for Laurens County
Sales - Parts • Service
New and Used Equipment
Clinton Hwy.—Mile Past
City Limits
Telephone 22396
Laurens, S. C.
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Dial 8341 SparUnburg, S. C.
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