Historical Newspapers of South Carolina

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/ T- The Chronicle Strive^ To Be A Clean News paper, Complete, Newsy and Reliable (Elution Volume LIV Clinton, S. C, Thursday, July 23, 1950 If You Don't Read The Chronicle You Don’t Get the News Number 30 = BABSON SAYS PROFIT SHARING IS A ONE-WAY STREET JUjtrW. Babson Park, Mass., July 23.— There is no panacea lor the labor problem. It began when one man started to work for another. It will continue so long as there is an em ployer - employee relationship. When I was Assistant Secretary of La bor I was asked to speak on labor problems before a Washington a u- dience. On my way to the appoint ment I stopped in William B. Wilson’s office and ask ed for some suggestions. He replied: “You might begin by telling them that 100 years from tonight some one will be speaking on the same subject on the same spot.” Profit Sharing and Prosperity Profit Sharing Plans grow with prosperity and declin^ in periods of depression. Most Profit Sharing Plans are for wages only—are not dependent on thd productivity of the workers, but dependent main ly on the ability and generosity of the management. The business boom durng and followng the frst World War brought the profit shar ing idea to the notice of the general public. There are numerous Profit Sharing Plans in operation in the United States. Many have prosper ed because we have had boom bus iness, with increasing profits. The real test will come when earnings decline and when there wll be no profits. The recent large earnings of in dustry , have stimulated Labor Un ion leaders to ask and re-ask for in creased wages. Seven rounds have been granted and we are now fac ing a request for an eighth round. This demand will meet with strong er resistence than previous de demands because business is look ing ahead to readjustment and ■Tower profits. - After"all; profit shar ing depends on profits—no profits no profit sharing. Labor Union leaders are not asking for profit sharing, but for annual wages and fringe benefits. They realize that fundamentally profits depend on management and business condi tions. A business may make a mil lion dollars in one year and fail the next year! Profits Are A Manageral Problem How a business enterprise is managed determines its success or failure. The mangement must pay the curent rate of wages. If it is necessary to borrow money, to in ter plans have been tried by others. (These opinions of Roger W. Babson are published every ■Thurs day in The Chronicle.) crease the plant’s facilities so that more labor can be employed, man agement must pay the current rate of interest on outstanding bonds or else go broke. Management must meet stiff competition for goods produced and is therefore, restrict ed as to what is received for com-! modifies produced. Furthermore, a manager must be a business fore caster, expanding facilities when a period of good business is coming, but trimming his sails when a pe riod of readjustment is in the off ing. On top of all this, his company must pay heavy taxes. After all these obligations are met, if there is anything left that is profits. The raw material pufchaser is a great factor in determining profits. It, therefore, is seen that profit sharing rewards depend little upon the wageworkers. Such plans are most succesful in large business en terprises that are well-established and managed, especially if produc ing a patented product having a continual demand in war or peace. Profit sharing is often hard on small business concerns, because they do not have the reserves to carry them through readjustments or to constantly advertise. Profit sharing is a one-way street. It may act as a wage-sedative during pe riods of prosperity and good earn ings, but as a source of trbuble if a company suffers a loss. Labor is willing* to share profits; but is not willing to share losses. Speaking From Experience I gave away over one million dollars to my employees from 1913 to 1925. There is no doubt but what the money pqrsed nut did n lot of good to the recipients. I am glad that we tried the experiment and gave it a thorough test. Profit shar ing was only a part of the pro gram—we really tried industrial democracy. Both came to an un fortunate ending. Since then bet- Mileoge Death Rate In S. C. Down for Year At the end of May the traffic accident mileage death rate in South Carolina had dropped to 10.4, the lowest since the peak of 12.7 was reached in March of 1952, Highway Department records show. The mileage death rate is cum ulated for the year and is the num ber of deaths from traffic accidents per 100 million miles of travel, as shown by actual gasoline consump tion. The rate for t June will not be calculated until the report for the month is closed, but early reports indicate that the downward trend .continued throughout the month. Preliminary reports show there were only 37 deaths in June, as compared with 57 in June, 1952, and 53 in the corresponding month of 1951. The improved trend was carried over through the July 4th holiday period, with only three deaths July 4-5 this year as compared to 15 in the corresponding two days of 1952. Highway Department officials at- v Can't You Sleep? By DR. J. W. JONES. JR. ' When you get to bed at night, can you sleep, or do you spend hours tossing to and fro, yawn ing, counting sheep, etc., and yet find it impossible to sleep? Sleeplessness may be caused by a number of things. Essentially it is the congestion of blood around the brain, which makes the brain overactive. If YOU are trobuled with this condition, it would be wise to inestigate CHIROPRACTIC and what it can do for you. After a careful examination, the CHIROPRACTOR will lo cate your trouble, correct the cause, and you will again enjoy restful sleep so essential to good health. Spinal adjustments have been highly successful in nor- malizing blood circulation, and relieving congestion of the blood vessels of the brain. Make an appointment with your CHIROPRACTOR for a consultation, without obligation, learn if scientific CHIROPRAC TIC adjustments can help your condition. (One of a series of artciles pub lished in the public interest to explain and illustrate the practice of scientific Chiropractic, written by Dr. J. W. Jones, Jr., whose of fices are located over Prather- Simpson Furniture Co., Clinton. Telephone 1023.) SHOWING USE OF YELIDW NO-PASSING BARRIER LINES ON MAIN HIGHWAYS NO = Passing Not Permitted YES=Rassmg Allowed If Road Clear Yellow Lines To Be Put On Roads Columbia, July 20.—Painting of yellow no-passing “barier” lines on about 3,000 miles of South Carolina highways will begin shortly, Chief Highway Commissioner Claude R. McMillan announced today. The yellow lines will be along side the white center lines. Where they appear, motorists will be pro hibited from passing another ve hicle traveling in the same direc tion. McMillan said the barrier-line system is used in most states and has helped reduce the number of head-on collisions. §jk DAISIES ™ WONT tribute the downward trend to sev- eal factors, not the least of which is the psychological as well as the direct effects of the new Safety Responsibility Law. Pertinent fac tors are also increased law enforce ment activity of the department resulting in more license suspen sions for reckless driving, and step ped up safety educational activity in which the press and radio have been particularly helpful. In the first six months of this year, using the perliminary figure of 37 for June, there were only 352 deaths, as compared with 406 in the first half of last year, a de cline of 13.3 per cent. SURVEYING J. R. CRAWFORD CUNTON, 8. C. Phone 3493 Joanna TeUpho^p Directory Will They tell who buys, sells, rents or repairs — almost anything you need! SHARING... southern bill tel:?i:cg: works wonders on the party line/ too Sharing your party line freely and keeping calls brief make happy telephone neighbors. Such thoughtfulness contributes a great deal to pleasant party line service. r.::o t:legraph company Single Purpose into frame, call on the surginR reserve of acceleration, surely, con fidently. You are safely sure because you command the Red Ram V-8 engine that set new official AAA oer- formance records. *vS* SAF When you choose a car for your family, you call on your good judgment to obtain ^ every measure of safety. One safety factor you should certainly consider is the magnificent reserve of power that Dodge provides in the 140-h.p. Red Ram V-8 engine. This power is there when you need it: For passing, for turning into highway traffic for crossing intersections. Dodge Power-for-Safety deserves your careful thought in selecting a family car. The cost of safety is very low: Dodge prices start below many models in the “lowest-priced” field. p u -r — t- l Passing a truck on the high way, a touch of your toe brings instant, eager re sponse. Dodge power re serve is a great safety factor. Powerful brakes, capable of developing more than 700-h.p. in stopping power, team up with the Red Ram V-Eight engine to bring you new mastery of every driving situation. (XWU CUWINiT V-llUIT 4-OOU* UOAN dependable i4cffort Csr^br^c/>Ve /Qv/erfcsne V , ' Spert ftrafion* and equipment nubjeet to change without notice. D006 You've Got to Drive It to Believe It! /-EIGHT OR SIX COOPER MOTOR COMPANY 211 W. MAIN STREEET — TELEPHONE 515 * i