Historical Newspapers of South Carolina

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/ A Thursday, December 3, 1953 THE CLINTON CHRONICLE Page Five MEN SOON TO BE SEPARATED FROM BOYS IN U.S. BUSINESS —Panicky readers disturbed by the increasing number of business fail ures have asked me if business con- ditions are likely to take a sharp drop by 1954. Here is what I think. BankruptciM Have Increased The months to come will separate the men from the Boys in business. Right now when we are supposed to be booming along companies are dying at the rate of 700 a month. The approximately 7,500 business fail ures since the first of the year have involved dollar li abilities far in ex cess of any period since the depres sion. Too many inef ficient business op erators have been swept to prosper- business currents of strong demand rather than by their own business acumen. I predict S. C.'s Farm Population Shows Drop Against the argument that we have more people with more educa- i tion and with more dicretionary buying power than ever before, are such realities as these: Through the d early months of 1953, shoe produc- By ROGER W. BABSON , that many more of these would-be tion was about seve n million pairs Babson Park, Mass., November 26! entreprenuers will be severely a h ea d of potential consumption, . • - squeezed unless they wake up, cut and ^ industry could easily have expenses, and get hard at work. Tn p ro d U ced 35 per cent more shoes if Washington, Nov. 28 — South general, this will be good for our tjj e y could have been sold. Or, Carolina’s farm population has economy, which needs to eluTiina.e| automobile industry. At dropped from 64.6 per cent of its to- those who have given the poorest midyear, 47 per cent more cars had tal population in 1920 to 35.8 per service, the shoddiest products, and been turned out than in the same cent j n 1950, figures released today gone after the fast buck. period in 1952. But sales rose only by the agriculture department Study Th*s« Figures 33 pgj. cen t. Recent cutbacks and s how. Some of my critics say I am too intensive selling have temporarily Gigures from the United States pessimistic. They point out that reduced this spread. But let us a S a whole reveal a similar situa farms is graphically shown- in the per cent. Biggest decline was in agriculture department’s figure's. Every state in the nation showed a percentage reduction in farm oc cupations in the years 1940-50, with South Carolina droppirfg by 17.4 Oklahoma where 36.9 per cent few er farmers in proportion to popula tion were found. South Carolina was ninth in the list. 67 per cent of our homes are more i f ace jbe facts: The Government has tj on with farm population in 1920 than 20 years old, that there has cu ^ defense programs; inventories standing at 30.1 per cent of the to- been a tremendous shift from farm bave been stockpiling; industrial tal population as compared with to suburbs, and that an entirely expans j on bas passed its peak; in- only 16.6 in 1950. new way of living and lots of new, dustrial building is on the decline. | The actual number of persons en- wants have been created. They re-i^bat is to happen to private build- gaged in farming in the Palmetto mind me that the number of chil- i ng 1 w in discuss later. i state has declined from 1,088,000 in dren in our population has irtcreas- Bailer Selling and Investing 1920 to only 757,000 three years ago ed 65 per cent since 1940, and that Are Needed At the same time, the total popula- 1 we have 80 per cent more high, American business cannot stand tion of South Carolina has almost schol graduates in our adult popu-1 s tin. • It moves either forward or doubled—rising from 1,088,000 in ity by the lation since 1940 who presumbaly have much more highly developed wants than the non-high school from backward. To move forward, it 1920 to 2,117,000 in 1950 must sell. When it stops selling, it The general move away dies. Sales have slumped because,”.. . ~ “ r 7 graduates. Some say such factors salesmen have become lazy and ^f 16 ' 11 ^ fo ^ p ^ lce su PPoU on wheat, as thtse are dynamic enough to hold gales clerks indifferent. Lots of' bu , t , .. . °y er 15 acres this our economy high. people still needs lots of things; but Wl11 eli minate his eligibility for price i price levels may be too high. I be-^upport on all basic commodities. ; lieve the time has come for reap- Those farmers with allotments of ipraisal of potential markets and more than 15 acres of wheat and profit margins. A spiritual rebirth who exceed their allotments will not j by employers and wageworkers is be eligible for price supports on any ! needed. This may mean only “de- basic commodity. 1 luxe models” instead of ‘‘supjer-1 “In addition to the provision on I deluxe models’” !t will mean much wheat, if a Souht Carolina farmer greater manufacturing efficiency, a exceeds his acreage allotment on [cutback in material waste, and an either cotton, tobacco or peanuts, he ! i increase in per-man output. will be ineligible for price supports While we are learning to do these on the crops mentioned.” things we must expect a readjust- ment in business activity. Among j those^^industries that will feel the, pinch first are automobile, building, steel, and non-ferrous metals. But while manufacturers are readjust-1 ing to peacetime demands there will be strong sustaining forces that will hold the economy strong, such as the tremendous developing demand of the World War II baby crop, a heavy supply of savings, and a credit base still capable of consid erable expansion. The greatest hope of continued good business lies with the ten or more billion dollars likely to be spent for the defense of our large cities. $ Savings Accounts 3%—DIVIDEND—3% He 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 lat. 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. % 1 I i :: x.: x: • • •> s I ■ • - x: I 6 Chartered and Supervised by the United States Government Laurens Federal Savings & Loan Association Telephone 22271 I.AURENS’ LARGEST SAVINGS INSTITI llov P I «S» X? • • * - I $ I I I #» :: Tt • - :: :! 1 ♦ A 1 104 Weal Main Street Lauren*. S. B/ZAfiJD NEW DODGE Don’t buy 1 . • auto ineurance blind! 1 r«v tpmnd mn*tk»r Mmr for auto insurance compare Allstate’s low rates and other advantages. Over two million car owners are getting exactly the better value you expect from the company founded by Sears. Allstate has an unusually high percentage of renewals—the best proof of good service and customer satisfaction. You can’t buy better—why pay more? Phone or visit your Allstate Agent today ... JOHN L. MIMNAUGH, Agent 108 E. Walnut St. — Phone 809-J You're in good hands with . : GOP Expected To Change Parity Figures INSUXANbi COMPANY fowndod by Sears An Illinois coroora'ion lounj^l oy S-or,. Roebuck and Co. wilfT and habiht.es distinct jnd separate 1 from the parer,i company. Pepsi-Cola Refreshes | Without Filling $ x.: $ !: ft :: $ ft ft x: «• - ♦ * j «« 1 VI I 1 Pepsi-Cola is refreshment made to order. For Pepsi has kept in step with sensible changes in modern taste. Dry, never too sweet, reduced in calories, it goes with all the whole some way of living. Enjoy Pepsi-Cola whenever you want refreshment — in the familiar * bottle that serves two people. It # s the modern, the light refresh ment—refreshes without filling. That's why today Pepsi-Cola is more popular than ever. PEPSI-COLA BOTTLING CO. GREENVILLE, S. C. Washington, Nov. 29—The Eisen hower administration may ask Con gress for a change in party price standards in January, but signs are that it will retain many Democratic features in its new farm program. Reliable reports today indicated that farmers may be in for a sur prise if they expect the adminis tration to propose brand new ways of dealing with the farm problem. Since taking office early this year, Secretary of Agriculture Benson has sharply criticized pres ent programs, contending that they tended to price some products out of markets, create surpluses and bring on undesirable controls. Reports are that the administra tion would use a parity standard written into law during the Tru man administration, but which has not been used yet for many prod ucts because of congressional ac tion postponing its application for major crops until 1956. This new parity, formula would provide lower price standards for a number of crops, but higher ones for some livestock and livestock products. The present and the proposed new parities, on the basis of to day’s price relationships, would be as follows: wheat $2.44 and $2.06 a bushel; cotton 34.2 and 32.5 cerjts a pound; corn $1.77 and $1.58 a bushel; and peanuts 13.2 and 10 5 cents a pound Tobacco would be 52.4 cents a pound compared with 52 cents. Price Supports In 1954 Depend On Compliance Clemson.—The U. S. Department of Agriculture has announced that a producer will, with one exception, be required to comply with all acreage allotments established for his farm for 1954 crops in order to be eligible for price supports on wheat, cotton, tobacco, rice, or pea nuts produced on that farm. The ex ception applies to the wheat acreage allotment under certain conditions. Under the terms of the 1954 price support program, any farm opera tor of lands covered by one “work sheet” may plant up to and includ ing 15 acres of wheat without pen alty. However, if he has been given a wheat acreage allotment of less than 15 acres and exceeds such al lotment, he will no tbe eligible for price support on wheat. Also any farmer who plants wheat but who does not have a wheat acreage al lotment will not be eligible for wheat price support. J. M. Napier, Darlington county agent-at-large for the Clemson Ex tension Service, illustrates the effect of the exception for nonoompliance in regard to the wheat acreage allot ment as follows: “If a farmer has a wheat acreage allotment of terl acres and plants 12 acres, this over planting will only affect the price support on wheat, but if he plants over 15 acres this will eliminate his NEW! EASIER, FASTER LOADING! Pick-up and panel floors as low as 22 1 /? inches from the ground . . . knee-high for loading ease! Lower running board for easier entry! Lower hood for added visibility! Lower panel truck can get in most any garage! All models feature new flow line styling, new colors! ...mm HEN LOW WOftX-SAHK KSKN NEW! ROOMIEST CAI, GIEATEST COMFORT! Easy-chair seats, big one-piece windshield, more vision area than any leading make! New cab sealing against dust, drafts! 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