The Clinton chronicle. (Clinton, S.C.) 1901-current, May 13, 1954, Image 4
f
all;? Clinton (Ehrontrl?
Established 1900
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CLINTON, S. C.. THURSDAY, MAY 13, 1954
Competition Gets Keener
We are in a highly competitive period
just now, both as regards towns and cities
and businesses, large or small. The alert,
intelligent business man ought to under
stand this fact and does. The times are
slipping fast into history when all a mer
chant had to do was get hold of the mer
chandise and the customers would fight
over who would get it. That-was the situ
ation all during the war years when we
have enjoyed an unprecedented prosper
ity created by the Korean war. That day is
gone. Now that we are getting back on
a basis which is good for the country in the
long end—competition in everything is
getting keener all the time. This means
that merchants and salesmen in small
towns who earn their livelihood will have
to get on the ball to hold their friends and
neighbors. They will have to give the
same sendee, the same bargains, and do
the same job of selling as their big .city
cousins.
This is what leaders in the business
world have been saying for months now at
industry conventions and elsewhere. There
must be a better selling job it is generally
admitted all along the line. The inevi
table fact is this—a strong buyers’ market
is with us—and retailing, if progressive,
must fully recognize this fact.
Taxes Must Come Down
Taxes in all fields, city, school, state,
and nation are too high as everyone knows
s who must contribute a large share of his
■ earnings in meeting the ekhorbitant tax
bill. The first place to Start was in Wash
ington, and then demand that the curtail
ing reaches down to the small community.
In Washington a good start has been
Tnacte after the Roosevelt-Trufnan regime
had broken all records of all time in spend-
‘ ing taxpayers’ money. The order of the
day has been spending, extravagance,
Wasting, creating deficits and increasing
the national debt. The first seven months
of the fiscal year the federal government
spent $1,600,000,000 less than in the com
parable period a year before. This we say
is a start in the right direction, all taxpay
ers will welcome. It is the only direction
that can save us from eventual national
bankruptcy. The work that has started to
get us out of such a financial “mess”
should be greatly accelerated.
More tax cuts are essential all along
the line to give individuals relief, and busi
ness an opportunity to expand without so
large a part of profits going to federal and
state governments. There are millions of
young people ambitious to better them-
. selves, but they cannot long endure as
such under the restrictive taxes which
they inherited. -If ours is to remain a land
of opportunity the tax load must be light
ened, opportunities broadened. And ev
ery American citizen, regardless of party
affiliation, should pledge himself to sup
port the government’s present efforts to
reduce costs—even though we may feel a
temporary pang in our pockets. Right
-here'is where the character, courage and
patriotism of the American people will be
thoroughly tested.
ligations made in recent years affecting
several government agences, the evidence
stands out boldly that too much discretion
allowed administrators can expose them
to great pressure and temptations, often
resulting in graft and fleecings. There
must be air-tight positive, legislation that
cannot be side tracked or evaded for indi
viduals or groups who are on the inside.
The FHA was not originally designed to
remove all risk from the contractor or
builder and yet what is being revealed is
that many experienced contractors were
smart enough to cut the corners and cut
their actual costs far below the FHA esti
mates, with these savings added to the
profit on the mortgage. In other words
the government not only furnished the
money free to the mortgagor but in many
instances gave him a bonus for coming and
taking the money away.
, Evidence still being revealed, shows
that the government allegedly has been
fleeced out of more than seventy-five mil
lion dollars and home-owners out of mil
lions more. And builders have been made
to pay for much shoddy work. As we have
said before, when politicians and bureau
crats are given almost unlimited sums of
taxpayers’ money to spend, influence ped
dling will soon work its way on the inside,
and too often graft and corrupton show
their powerful heads. That is exactly
what has been happening. The housing
program for individuals and financing
companies has proven the reality of this
danger.
1
Housing Scandals Multiply
The more digging in is made of the
Federal Housing Administration, the more
is seen the actions of that ftody~Tiaverir
bad odor in many instances, with evidence
of graft, corruption, inside favoritism, and
manipulating as shrewd as what transpir
ed in the Reconstruction Finance Corpora
tion, the old 5 per centers and influence
peddlers and in the Revenue Bureau and
Justice Department itself.
In the mortgage insurance programs
the definition of “cost’’ and the definition
of “value’’ was responsible for the abuses
since they created a loophole and made it
easy for builders to take advantage of
them. Why was this loophole never re
moved? Why was the inquiry called for
by a senator never undertaken until three
years later, by either Congress or Adminis
tration? W’hy were the senate’s attempts
to really tighten up the law watered down
by the House? These are still unanswer
ed questions and most likely will remain
so. Why have multiplied abuses under the
home improvement provisions apparently
continued with no effort to check them.
It goes to show that a law, loosely but
faulty drawn, with regulations intended
to be equally ^applicable to everyone, can
result in more waste of public funds than
could outright favoritism and fraud. The
answer is simple. But in numerous hives*
ClHtlpp«rVtMm-
Q THI up>l» HOP* HASHVH.ll TINNISSII
THE. WORLD S MOST WIDELY USED DEVOTIONAL GUIDE
Stir up th« gift of God. which is in the*. (II Tim
othy 1:6.) Road II Timothy 1:1-7.
It is one thing to rejoice in the wonderful heritage handed down
to us. It is quite another thing to do and dare so worthily of the
past that influence which we make on today s environment becomes
itself a heritage which our children’s children will look back upon.
Can you hear them saying to their children, “Those ancestors we
had back in 1954 were stout-hearted people. TTiey gave expression
to a way of life which makes it easier for us to know the truth, to
enjoy the beautiful, to walk in the path of honor”?
Yes, it is very important for the Timothys of our day to have
mothers like Eunice and grandmothers like Lois. Real joy in wor
ship is realized when each new generation takes the unfeigned faith
of their ancestors, and rekindles it into a new fire of light and love
and loyalty for the generations yet to come.
PRAYER
May w* be faithful to our Christian heritage, our
Father. May it bud and blouom anew in our genera
tion. to the end that a rich harvaet of golden fruit may
be gathered tomorrow. In the nam^ of the Saviour who
teaches us to pray. “Our Father who are in heaven . . .
Amen." ^
THOUGHT FOR THE DAY
Today’s deeds are more important than the memor
ies of yesterday.
Charles A Pierce, Banker (California)
he will commit a crime
The federation’s views were
contained in its annual report,
presented by David Rosentein,
president, at a pre-conference
session of the organization’s 38th
annual meeting.
The federation said car thefts
by youth have “multiplied dra
matically.” The organization
blames this on the increasing
importanree youth finds in hav
ing an automobile for dqtes, “if
only for a few hours.”
“Vandalism and general dis
regard for property rights have 1
increased remarkedly. The pre
vailing attitude atrtong young
people seems to be that one*
should not get caught To be ap
prehended is a mark of ineptness
and lack of skill,” the report
said.
It said city children are more
apt to fall into crime and offer
ed the following statistics of 1953
crimes committed by teen-agers:
In New York City there were
3,060 crimes per 100,000 popula
tion; in Manhattan alone there
were 5,882; in cities over 250,000
population there were 2,058; in
those with populations of 100,000
to 250,000 there were 1,944. In
cities with 50,000-100,000 popula
tions the rate was 1,620, in
those of 25,000 to 50,000.
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BABSON ... V
Business Conditions
Looking Up
By ROGER W. BABSON
Babson Park, Mass, May 13—Last December in
this column I predicted we would NOT have a
sharp drop in business during 1954. So far this
has not taken place, although there has been a
temporary period of unemployment. The ques
tion is: What will be the pattern of business from
here on? This 1 will discuss in a few weeks when
I make my extended Forecast for the last six
months.
How Bad Are Conditions?
Because some of my critics were overly pessi
mistic for the first quarter and business conditions
failed to bolster their attitude, they have now be
come pessimistic about the second half. I think
they are still wrong! Sure, retail sales have drop
ped some in a number of lines since the first of
the year. Automobile sales for most companies
have been poor. Steel production has slowed to
about 70 per cent of capacity, but is still almost 30'
per cent better than that of 1940 or 1946. The
squeeze has been on, too, for the marginal farm
er, with the trend to larger farms, greater mech
anization, and fewer farm hands. Last year’s 5
per cent drop in farm income caught the farm
machinery manufacturer off balance. I anticipate
this condition will continue well into 1954.
The levellling-off in business activity which
figures such as these represent will be reflected
in the business of railroads. During this second
quarter our railroads are anticipating about a 27
per cent decline in automotive shipments, a 17 per
cent decline in steel loadings, and an approximate
8 per cent decline in coal and coke carloadings.
On the other hand, some increase is expected in
transporting such things as fruits, frozen foods,
cotton, and cement. So, I forecast that total car-
loadings this quarter will reflect a drop of only
about 8 per cent over the second quarter of last
year.
Reasons for Optimism
There are, in fact, some substantial reasons for
optimism. For nearly a /ear now we have been
working down the unsold goods on our shelves
and in our warehouses. People are still in a good
position to buy; they have the money. Did you
know that personal income rose to about $285 bil
lions by the end of 1953, compared With around
$2teo billions at the end of 1952? During this same
period, salaries increased more than 2 per cent so
that our living standards and savings reached the
highest point in history.
Further, our banks have both cash and‘gov
ernment securities in an amount eqiial to about
60 per cent pf deposits, and the easy-money policy
which encourages business is back with us. The
construction industry keeps booming. For ex
ample, the Commerce Department reports that
new construction expenditures for the first quar
ter of 1954 were the highest in our entire nation
al history. A number of manufacturers polled in
dicate that March, 1954, was either the second or
third best in the history of their companies.
The Unamploymcnl Question
There has been too much loose talk about un
employment I am especially concerned by the
way in which unemployment data have been pre
sented by many magazines and newspapers. This
could have an adverse psychological effect up6h
business which is not warrented. Granted, across
the country there have been more instances of lo
cal labor surpluses. No one likes to see anybody
out of work. But the picture is not nearly so
alarming as some analysts would have us believe.
I believe the best way of presenting unemploy
ment figures is on a per capita or percentage bas
is. To illustrate: In 1828 the population was 120,-
501,000. The unemployed totaled 2,935,000.
Therefore, t^e per cent of unemployment per
capita was only 2.4. In 1938 the population had
increased to 129,825,000 and unemployment to
10,390,000. The per capita unemployment, there
fore, was then 8 per cent Now take 1954. Our
Banquet Ends Year
For PC Robed Choir
The Presbyterian college rob
ed choir brought the 1953-54 sea
son of 42 concerts to a close
Thursday evening with its an
nual banquet held in Judd din-
ing hall.
Dr. Edouard Patte, director,
announced the appointment of
the section leaders and minor
oficers at the banquet.
The new section leaders are:
Greg Elam, first tenor; Stan
Johnson, second tenor; Eddie
Rayfield, first bass, and Jack Ed
munds, second bass.
The other officers appointed
are: Drayton Cooper, chief of
readers; Charles Joyner, chair
man of the secular program; and
Bill Dantzler, chaplain.
Bob Reynolds will serve as
new organist to succeed Samuel
Workman.
The proposed plans for next
year, it was announced, will in
clude a fall tour to southern
Georgia and northern Florida,
and a spring tour to the Missis
sippi valley. _ . _ *
Dr Patte stated tjiat the choir
has more requeots 'Than can be
met before late 1955
Jones Leads Group . /
In Historical Talk
At the annual meeting of the
South Carolina Historical Asso
ciation held at Wofford college,
Dr. Newton Jones, professor of
History at Presbyterian college,
led a discussion on a paper writ
ten by Miss Margaret DeChamps,
professor of history at Agnes
Scott college.
The paper dealt with the
theme of anti-slavery sentiment
among Presbyterian clergymen
in upper South Carolina. The
subject covered the period from
the 1790’s until the Civil War. _
Small Cities
Reported Better
For Children
New York, May 8—Big city
children get into more trouble
with the law than their country
cousins, a group of social work
ers reported. >
Statistics of the National Fed
eration of Settlements and
Neighborhood Centers said the
smaller the city a child lives in
the smaller the chance there is
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JOHN M. SIMMONS
Mountville, 8. C.
+■ \
George W. Bagwell
Candidate For
.Alderman-Ward 5
A resident of Clinton for many years, and in
business in the city (owner of CKnton Clean
ers on East Carolina Ave.) I have the interests
of the city and its problems at heart and will
work to maintain the affairs of the city on a
high plane.
A Vote For Bagwell
Is A Vote For Progress
THURSDAY! FRIDAY! SATURDAY!
YOUR CHANCE FOR SAVINGS GALORE
m
L
ciVS.
present population numbers
roughly 160,000,000. Even with
a high estimate of 4,000,000 un
employed the per capita percent
age figure would equal only 2.5,
or about the same as in the .boom
year of 1928! Be careful how
you let the prophets of doom
lead you astray. Business con
ditions are good, and with your
help they are going to be even
better in the months to come.
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WRESTLING
MAIN EVENT
Southern Heavyweight
Champion Match •
This Match Sanctioned By the
National Wrestling Alliance
MR. MOTO vs.
FRED BLASSIE
Bert 2 Out Of 3 Falto
60 Min. Time Limit
Feferee Cyclone Copley
—SEMI-FINAL—
STEVE GOH vs.
VE FIRPO ZAYBYSKO
1 Fall 45 Min. Time Limit
—AND—
DON LEE vs.
CHARUE KEENE
1 Fall SO Min.
SATURDAY
MAY 15 — 8 P. M.
Spartanburg
Memorial
Auditorium
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