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MeCORMICK. MESSENGER, McCORMICK, SOOTH CAROLINA Thursday, August 9, 1945 •JURlIKiK MES3SENGKR i MIWM Every Tbendey ^ ■Mebllshed June ft. IM | ■bmond j. McCracken, Editor and Owner at the rest Office at Me- ek, S. C^ as maU matter of Bend - > dpMCRirrioN rates: year - Months $1.00 .78 Months— MO REV. ROBERT R HARPER f Tlie new Big Three meet for the first time to resume Potsdam con ference. Left to right: Prime Minister Attlee, president Truman and Premier Stalin. r’a Testimony to God. JLsoaon for August 12: Genesis 26: ory Verse: Psalms 77:14. >c was a man of peace in a age and he won out in his of peace toward his neigh Canaan. Abraham’s death the Phil- had filled in the wells ne digged. Isaac reopened the ; also digged another. Wisely h men reopen the wells Os their fathers digged—go back past for the best it holds, an* like Isaac, open new well* 4rsjth. the Philistines contender his men for the wells, Isaac on to Beersheba. Evident!? pdicy of peace was approved o' •or the Lord appeared unt« renewed the covenant H* made with Abraham. • ■I note the effect of his polio upon his enemies. The* to him at Beersheba auc to him a league of peace Isaac accepted. The cove- was celebrated with a great the morrow when the visitors departed the servants of Isaa^ ' to him that they had fouod The man who' refuses riOx‘ Withers will have an a’r^n- well for himself, ne'e career of peace w»s In- remarkable for the a rv in he lived. But above his f*.’.*- as a man of peace tvss testimony of his life to Go.! — heathen neighbors were Ir by 1 it and came to offer ,a t of friendship to the mar. so signally approved and -xx- By ELLIOTT PINE Dsoka like that 4 minute mile day become a reality . . . Haag has sped the distance V and says he can do even For many years the 4 min- was considered impos- squaring the circle. The mark was set in Sweden on 72. In 1865. the record stood Slowly the seconds were off. In 1923, Paavo Nurmi, aftantom Finn,” breezed it in . to everyone’s astonish- today he would be pad- in tiie dust. o prize minor leaguers who snapped up by the ma te last winter’s draft are said e Marino Pieretti .of Washing- sui Vance Binges of the Phil- Mmrettl has been winning two Ml three games in which he He cahne from Portland the center "of a serious on rights and waivers. He Senators $7,500. Binges is around .310 and getting bet- ly 4 others of the 21 minor 3<fit who were drafted at a of $152,500 are now doing duty on the major teams, find ail four are pitchers. ndteie Zivic, former welter- • Saeugtit champion, says he is i Ifenngh with boxing. His 200th fight ed hi defeat. He fought Ossie iog) Harris in Pittsburgh on ID in a comeback effort. A offer for a racehorse was recently in London . , . and when Sir Eric Ohlson down half a million dollars SJtante; English Berby winner. hardest punch he ever took, iJhrck Dempsey, was a right to flaejsav from Gunboat Smith in 1917 “Everything blacked out for 'tee aestr of the evening,” relates tee owrmnander. *T didn’t know next day that I had won.” predicted that after the war teams will dash about the by airplane, thus making tiie old conferences that established mainly to devise matchings and travel . . . Harvard could fly to in a day, for instance. Primitive Methods Need Not * Be Followed m Advertising * 4 Be Modern ADVERTISE HERE!! j Blind Are Expert Modelers This young pupil of the New York Institute for the P-lind shows the duck-model, the amazing likeness he wrought with his fingers in clay. The young artists were taken to the zoo, allowed to handle the ducks, and then set to work to Reproduce them in clay. Duelling for Batting Lead Tommy Holmes, sensational hitter of the Boston Braves, wits leads the National league in batting, crosses cudgels with Goody Rose* of the Brooklyn Dodgers, who Is following Holmes so closely thai Tommy can feel Goody’s breath on his neck or may pass Holmes befoto your paper can be delivered to you. j The Middles By Bob Karp y COMPANIES POSSESS FUNDS FOR PEACETIME OUTPUT By A1 Jedlicka Already cut 9 per cent under peak March levels, war production is scheduled for a further 23 per cent reduction during the remainder of 1945, pointing up reconversion problems facing the nation following the defeat of Germany. Totalling 16.3 billion dollars, cutbacks during the first six months of 1945 have affected 2,500 plants, but whereas many workers remained untouched^ because much of the reduction was in future contracts rather than in actual work, the situation will tend to reverse itself during the last two quarters of the year when present programs peter off. Indicative of the trend, 31 per cent of the contracts cut back in April were for scheduled future production, with the total for May 14 per cent. In June, however, the figure was only 5 per cent, with the remainder consisting of working contracts. Even as the senate was asked to act on liberalization of un employment legislation to ab- v sorb reconversion distress, and ' there were rumblings that the whole ‘ reconversion program > was moving too slowly, OFA took steps to facilitate manu facturers’ switch over to civil ian output and the Securities i and Exchange commission re vealed that American corpora- > tions with issues listed on the f national stock exchanges pos- ' sessed 63 per cent more work ing capital than in 1939. In seeking to speed up manufac turers’ reconversion, OPA formu lated price policies designed to guarantee the producers an ade quate profit margin while at the same time keeping costs within reasonable levels to avert the dan ger of inflation. Under the OPA plan, manufac- • turers doing an rnnual business of $200,006 or more will be permitted to add wage and material cost in creases over prewar prices, and then include half of the industry wide profit margin for 1936 to 1939. Firms with an annual $50,000 to $200,000 business will follow the same procedure for determining costs, but will be allowed to substi tute their own 1936 to 1939 profit margin instead of half of that for their particular industry. In the case of businesses with a yearly volume of less than $50,000, they may use their current costs as a base and then add their own prof it margin for .1939, or, if that is not available, then the net for 1940 or 1941. To help speed fhe manufacturers along, OPA will pass upon final prices set up by companies doing an annual business of $200,000 or more, while the charges of the smaller firms will be considered ap proved unless OPA notifies them otherwise within 15 days. In revealing that 1.209 Amer ican corporations listed on the nation’s stock exchanges pos sessed 63 per cent more work ing capital than in 1939, the Se curities and Exchange com mission indicated that U. S. In dustry was well heeled for the cost of switching production from war to peace. Listed as $20,258,000,000 for the 1,290 aforesaid corporations, total assets of all companies was esti mated at $45,500,000,000. In reviewing the finances of the 1,290 corporations, the SEC re ported that the net working capital of 25 aircraft and related equip ment companies jumped from $79,- 000.000 in 1939 to $470,000,000 in 1D44, while the liquid assets of 84 railroads soared from $347,000,000 to $1,548,000,000. With half of the firms engaged in war work, 837 manufacturing cor porations showed increases in working capital from $9,669,000,000 in 1939 to $15,167,000,000. Analyzing the working capital, . the SEC reported that nearly one- ; third of the liquid assets consists of ' cash on hand and in banks, and about one-fifth in U. S. tax and sav- - mgs notes. Holdings of U. S. government se- 1 curities jumped from 846,000,000 in 1939 to $6,633,000,000 in 1944, rep resenting about one-fourth of the total working capital at the end of 1944. Meanwhile, holdings of other marketable securities dropped from $491,000,000 in 1939 to $361,- ‘ 000,000. Still anticipating widespread ' distress during reconversion ! despite government efforts to \ remove restrictive barriers to s quick turnover to civilian pro- 1 duction, Sen. Harley Kilgore ) (Dem., W. Va.) asked congress to liberalize grants to the un- f employed to help tide them ' over the period. J Under Kilgore’s proposed legisla tion, federal, maritime and agricul- ; tural processing workers would be included in unemployment compen sation payments^ along with work- ‘ ers in plants with less than eight , persons. At the same time, the fed eral government would pitch in the . difference to brmg unemployment : compensation payrr.er* 1 : of the states up to a level of $25 for 26 * weeks. Single vets would b« allowed $25 and those with dependents $30 for 52 weeks. To aid persons . stranded in idle war production centers, the U. S. would provide . transportation expense to new jobs in other cities. While Kilgore appealed for liber alized unemployment payments, figures revealed that many Amer icans have been looking ahead for * postwar stress, with savings for the ‘ first three months of 1945 estimated at $8,500,000,000. Of this, almost $5,- 000,000,000 was deposited in banks; $1,500,000,000 in U. S. bonds; $1,- 000,000,000 in national service life insurance, and $900,000,000 for pri vate premiums. At the same time, consumer debt was cut $200,- 000,000. exclusive of mortgage obli gations. HARRY REAM McCormick, S. C. Boundary Livestock and Poor land are sel dom companions for long. Don’t Gamble! Have extra KEYS Duplicated While-U-Wait 2 for 35c Guaranteed to fit or money refunded. « Ben Franklin Stores McCormick, S, C. READ THE AD$ Along With the New* BARBECUE HASH ON SATURDAYS Will serve Barbecue Hash to the public ev ery Saturday at my store. Will sell by the | pint, quart, or any a- mount with container furnished. F. Walker LaGroon, R. 1, McCormick, S. C.