The Camden chronicle. (Camden, S.C.) 1888-1981, October 20, 1944, Image 6
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THE CAMOEN CHRONICLE, CAMDEN, SOUTH CAROLINA, FRl|>AV, OCTORER
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Friday, October 20, 1044
Pensions and
Social Security
HYMN .OF ALLIED UNITY
Almighty God, whose will alone
-Abides through time a changeless throne,
Our storm-tossed nations, like the sea.
In tides of prayer turn unto Thee.
Lead all our peoples by Thy might;
Inspire our armies by Thy right;
We consecrate our hosts to Thee
“servF humanity.
Uphold our allies—may we stand
Steadfast in faith at Thy command.
Lead us as one, that we may save
The holy birthright Heaven gave.
Freedom to call Thy skies our own;
Freedom to reap what wf have sown;
Freedom to keep our hearthstones bright
By love’s pure flame and faith’s clear light.
Give to our arms, 0 Sovereign Will,
Conquests of good suppressing ill;
-Not provinces in thraldom bound.
But lands made free as holy ground.
Grant to humanity Thy grace.
And let the glory of Thy face.
Through truth acclaimed and victory wHin,
Shine on a world" whereutrlfe is done;
—^Ernest Warburton Shurtleff.
WHATS THE DIFFERENCE? ^
The other day I heard a friend whose judgment I value,
say “Most of our troubles, at home as well as abroad, stem
from the fact that we don’t like anything that is different.’’
Take the prosaic question of food—though as one who
prides herself on her cooking, I resent the imputation that
food is proMic. We are set in our tastes by what is familiar.
My little assistant can’t understand my fondness for frogs
legs—but doesn’t see why anyone doubts that salt roe and
scrambled eggs are the perfect breakfast dish. Remember
the complaint of the British Tommy about caviar—“The
bloody jam tastes of fish!"
So it is with people. For example, there is the famous
story of the Englishman who lived in Paris for twenty years
without learning a wK)rd of French—he “wasn’t going to
encourage them in speaking their silly., language.’’
The poor man rails at the sins of the millionaire. The
rich man looks at the poor as a weakling. Labor is suspicious
of capital. Capital fears the strength of labor. You can
carry this on indefinitely.
We are too apt to try to make ourselves big by belittling
others. Instead oi frankly and'freely admitting that we have
a lot to learn that other people might know, and remember
ing its correlative thought that maybe we know some thin^
that it would do them good to learn, we shut ourselves up in
a mirror lined room. We need to discard the mirrors, open
the windows and see what is outside.
No group is perfect. No group has all the knowledge.
’This r^entment of difference is not just a resentment by the
majority. The minorities are just as quicl^ to condemn or
resent any difference on the part of the majority.
Let us face this problem of differences with some in-
None of us can know too much. None of us but
Roger W. Babaon Ducomm
Effect* On Inveatments.
Babeon Park, Mass., Oct. 20.—Many
business men and Investors are be
coming frightened at the thought of
the huge pensions, etc., with which
the nation will be burdened after the
War. In fact, Harry L. Hopkins, the
Fresident’s closest advisor, in the
current Issue of “American Magarine”
calls also for more benefits and bon-
usea. Instead of suggesting a general
tax reduction, he demands lifting all
taxes from those in the lower brackets
and increasing minimum wages to SO
cents an hour. Certainly, this will not
encourage business men to enter new
ventures and employ more people.
When the price controls and the
excess profits taxes are removed,
most business men can pass on a good
portion of their taxes. This, however,
cknnot be done by those who .have
retired from active business except
through a most careful selection of
investments. What are the invest
ments by which investors can .com
pensate for these Federal expandi-
tures for pensions. Social Security,
relief, etc.? I believe' that one answ
lies with putting money into guoi
merchandizing stocks.
people - who—are to
get veterans or old-age pensions and.
In fact. Social Security, will not save
the money, but will immediately spend
it at the food, variety and chain
stores in the neighborhood. Hence,
one way for Investors to protect them
selves is to own stocks in these
stores. Instead of fighting pensions,
benefits, Hopkins’ minimum wages or
Hillman’s labor union rates, it may be
safer in the'end to let the politicians
give this money to the people and
then collect it back again through the
stores at which they trade.
But there dre other reasons for bay
ing good chain store stocks beaidas
those.above given. Consider the fol-
Jpwipg:
1
telligence, ,
who can- l^ATB from, others.. NQDC_pf us but who . which the merchant need not corstd-
thinw tn wivp in exchanire ®t‘. He is Th a position to sell v
How about it? The next time you run up against a '
“different" person, can t you say “Here is my opportunity. factored.
Tou never can tetl—maybe you’ll teach him as nratilf as he
will teach you.
If you analyze the statement with which I started, you
-find it boils <iown-i»^-^We rioht 4ik€ what we don’t know-”
In that lies the adlution-_ Ji.nowledge is the key to under
standing. It’s hard to dislike someone you know well.—By
Ruth Taylor.
POTENT STATEMENT
P. Richards that
not appreciated
The statement of Representative J.
American expenditures on the war, are
abroad seenis a potent one.
All of the blame cannot be ascribed to willful lack of
"appr^iation on the part of Europeans. Part of the blame
must go to the fact that we did not see to it that Europeans
Very few of these merchandising
chattis have bonds outstanding and a
number have no preferr^ stock. I
like best common stocks which are
not Tjrecedetf by either bonds or pre
ferreds.
* i&r-* uMifiy Oi Tuv CfiStfi otor© sloow--
are selling for not more than their
book values. . If we are head^ for
further New Deel Interference with
business, book values are an Import,
ant factor to consider.
8. Most of the chains rent' their
stores and, hence, are not tied down,
like a manufacturing company or a
large department store, to one spot.
They can move when, as and if de
sirable.
4. These chains have a fairly low
labor cost, but any wage increases
will apply also to competitors. Hence,
the labor expense is not an Import
ant factor.
5. A good merchandiser can llqui-
date quickly if necessary. Some of
these merchandizing companies might
well be compared with a good bank
or fire Insurance company—as far aa
their assets are concerned.
8. If some state enacts taxes which
are too severe, a chain can qnlckly
move out of that state as leases be
come cancelable. I know of certain
cases where they have started to
move and the legislature has repealed
the txea.
7. Merchandisers pass along Fed
eral taxes~hy adding Them to' the price
of goods. If there is not a profit in
carrying certain merchandise, the
■tores will aot carry such merchan
dise. In fact, I believe that moat
taxes are ultimately paid by those
manufacturers or wage workers who
are tied down to one lodkJlty, not by
the store keepers.
S. Various new inventions, pro-
cesses and producti are coming on tbe
market after World War 2. 'This will
be beneficial to many Industrial con
cerns. but will be harmful to many
others. This is a problem, however.
were “educated.’’ That is, to put it frankly, that we needed
an international publicity agency to give Europeans a true
picture of our country. The same need exists today and to-
morrow,-;—The State.
CHOICE OF READING.
A visitor to General Eisenhower’s office reports that the
Allies’ supreine commander has only two books on his desk,
anfl Raflnra’ Pmvpr 'Rook” and “Hitler’s Gen-
“The Soldiers’ and Sailors’ Prayer Book’’ and “Hitler’s Gen
eral." There is something very direct, very confidehce-in-
•piring in the generals choice of reading. It bespeaks an
uncluttered mind absorbed in essentials. As another vigorous
and successful general named Oliver Cromwell once advised:
“Trust in God and keep your powder dry.’’
An old-timer opines that if Mathewson were still around,
and pitching against present batting orders in baseball, the
opposition would owe him a couple of runs.
Hitler said Hie Naxi order in Europe was good for 1,000
yean. But his liberated captives are now saying it didn’t
seem a day over 800.
In New York, the “Hobo News" has bought and settled
down in a permanent home. Though hardly professional, it
is perhaps ror the best.
Who knows: The dinosaur might have survived if it
had had a guiding intelligence at the wheel, like the bull
dozer.
The m^fcliahdfclhg sibclfg'yk^ "''
well and most of them are Hated. The
chaina cover large arpaa and many
atatea. Hence, they give an Import
ant geographical dlveraificatioi}.
IQ. Merchandizing atockn ahould
not be harmed by inflation. Of course.
In a bull market everything goes up,
while in a bear market everything
goes down, but after World War 2
we may not necessarily have either a
bull or a bear market, but rather a
selective market.
Don't ^rite me to make aelectloi
for you. Here is a simple rule to
Hom Raeady
far ReSaiiqi Ntarias tif
CHILD’S COLDS
The modem external treatment most
young mothers use to rdkve dboom-
forts of children’s ool^
... muscular sormss or
tightness, coughing, irri
tation in upper bronchial
tubes... UVkksVapo-
. Rub.Sonuytouse. VoQ
just rub it on—and right away blessed
relief starts to come aa VapoRub .,.
to upper bronchia]
tubes with its^xdal
medidnal vapois
chest and back
surfaces like a
warming poukioe
KentMiOefgTo
^nd Season Ib
Hie Robinson Horn
IN THtSE ms THE FUTURE IIES- 'In^. coufi
look
ing, courageous,
they train for days to come, with .Camp Fire Girl, Girl Reserve,
Girl Scout and Boy Scout organizations.
Robert Is Well
Liked By G. I. Joes
Service Men Ask JFor Genial
Colored Caretaker At
‘ The Clirib.
Robert Holoman.f the tall colored
chap who la caretakar at th&Rervice
'Center, is much liked by all the
do.ughboys, sailors, msiines and oth
ers who come to the Center for week
ends.
Robert has been with the Center
ever since. it was started on Rutledge
Hlreet and has become a 'great friend
of the service men.
When the service center was moved
from Rutledge street to the present
quarters on DeKalb street, one of the
first questions the service men from
Fort Jackson, Shaw Field and other
points who have been frequent visi
tors to Camden, asked was “Is Robert
here?” *
Kit Bags
The Red Cross service room has
been asked by the army to fill a large
order oLklt bags and>ws'are short of
persons to make these bags at hcme.
Anyone wishing to help us with this
work, please phone Red Cross head
quarters, 96.
follow: Make a list of the chains
operating in or near the busiest cor
ner of your city. ‘ TVke the list to your
banker and have him check those
whose stocks are listed on the Big
Board In New York City. Then visit
and compare these stores yourself.
Buy the stock of the store which you
think to be the best operated, I thdnk
all will be in excellent ilhanclal con
dition. If you believe that two or
three are equally well operated, then
divide your money among all of these.
Diversification never harmed anyone-
JlillKZE
(TbyMecaln)
roi
TKTHING
INFANTS
AND
SORE
GUMS
Aril y*«r Dtvggitt- .
•r writ* •ndotlnp 35^
VELVET PRODUCTS CO.
IINmIiHm* Nsw Y»Hi 7, N. V.
It has bten aanounced that v
Mrs. Kent MOIer of Loulsvli^’,
and Aiken, have leased the Rshk
home on Lyttleton street aH"
make Camden their home dum,.
coming- winter aeaaon. ^
The Millers are the owner. i
ridge, one of the leading steenWi
horses of the nation. They ^
thuslastlo^ over eqneatrian
are
Mthl
and wUl be a welcome addttloTtr
Camden winter, colony. **
Eire has prepared plans forno.*
development of its vacation
Napoleon was called the
of Europe. ,
r
Dp you know
about the crusade
to lotoer
the cost of hearing'
........ •.. ^
• If you And yourself strainin 1
bear... if you can’t "get” all tbt'
■aid at home, at business, at tku
trea or abdal gatherings, you one j
to youreelf to try this sensstioai
new hearing aid. At ita low prio^ j
ia helping riiouaands who could m
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decide—you will not be pressed to bs)
New
Radionic Hearing Aid
towm.tm
pkU wits rMbsi
*mU». cryital mim
Ml* tOM«MNMa
UriM aad
MtNr areak. Liliw
Z*nUk$fi»m
Atetpttdiy AjMTwmild-
kml Amoeiation Caumil m
Pkytieal Ttmaff
W« Inofte You—
CoiM In for Dementtratho
De^lb PhamuKj
PlbOM 96
Announcing...
m OPENING IN CAMDEN
Of The
At
530 E. DeKalb Street
- (Hiposite Camden Theater
—
'I
SPECIALIZING IN
Auto Accessories Home Appliances
Often by morning most of the misery
of the cold is gone. Rtmember thk...
ONLY VAPORUB GIVM Yoi this
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It’s time-ccMed, home-proved^ the bme
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edy for idicvihg%#ICKB
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Bii^ydes and Parts
Radio Supplies
Electrical Supplies
Sportmg Goods
VMT OUR TOYLAND
•Toys •Games • Baby aiid Doll Bngri^ •Dolb|
and piany other toys to delight the kiddies.
WE GUARANTEE...
Every tranaactioii moat be entirely aatiafackory.
Eacb article ia abaolutely guaranteed.
^We apprec^te your patronage, and if there ia anytbing
about yov pnrehaae Hiat u not correct, pleaae report anme
to ua^d we will gladly make Tbia ia of do
ing buiineai and we want to have you at one df oaM*
N •
SeutlHiFii Auto Associate Store
C. B. RLYTHER, Owner and Manager