The sun. [volume] (Newberry, S.C.) 1937-1972, December 01, 1950, Image 4
THE NEWBERRY SUN
MC.
FRIDAY, DECEMBER 1, 1950
1218 College Street
NEWBERRY, S. C.
0. F. Armfikld
Editor and Publisher
PUBLISHED EVERY FRIDAY
Entered as second-class matter December 6. 1937,
at the Postoffice at Newberry, South Carolina, under
the Act of Congress of March 3, 1879.
SUBSCRIPTION RATES: In S. C., $1.50 per year
in advance outside S. C., $2.00 per year in advance.
COMMENTS ON MEN AND THINGS
BY SPECTATOR
When cotton was selling here
for 38c a pound it was selling for
66c in Mexico, and Brazil, 60c in
India and Turkey and 75c in
Egypt. And American money was
used by those countries in pay
ing those prices. So says Tom
Lindler, Commissioner of Agricul
ture of the State of Georgia.
Mr. Lindler tells us that sev
eral men of great wealth and
high standing accepted Federal
appointments so that they might
flim-flam the American farmer. I
wish someone would tell us all
aoout this, if Mr. Lindler is in
error. The Georgia Farmers’ Bul
letin is widely circulated and is
open to challenge if its state
ments are incorrect.
I do not know that men always
seek their own advantage selfish
ly; perhaps they become so ab
sorbed in their own concerns that
they forget all about other people.
What would happen here if
cotton were selling for 60 or 66
cents a pound? Perhaps we who
plant a little would feel rich for
one year. Then would we not
price cotton out of the market?
Wouldn't we lose about all our
cotton business to our competi
tors? Wouldn’t our cotton mills
have to turn to rayon and other
substitutes?
It is an old law of Economics
that the lower the price the more
buyers; and the more who buy
the greater will be the demand
for the product. The other side
is equally true: the higher the
price the fewer who can buy. If
automobiles now selling for $1800
were increased to $3000 fewer
would be sold; but if the $1800
car could be sold for $1000 many
more could buy it.
Cotton is in strong demand to
day, but it could easily become a
glut on the market either because
of overproduction or too high a
price. If we should produce six
teen million bales a year for two
years we would find rayon about
to put cotton out of use. My opin
ion is that the cotton planter will
be hurt if he produces 16,000,000
bales in 1951 and he will be
crushed if he repeats it in 1952.
We seem to have the Washing
ton bureaucrats on the one hand
and the boll weevil on the other.
This is near the end of 1960.
Five and a half years ago the
Germans surrendered; six years
ago France was redeemed; nearly
seven years ago Northern Africa
and Italy were clear of Germans.
After all these years America Is
still pouring billions of dollars in
to Europe and Britain. Either our
policy of reconstruction has been
a stupid bungling, or those peo
ple are not trying to revive their
National economy. If we had act
ed with intelligence every one of
those Nations should have har
vested crops within one year and
rebuilt much of their industries
in two years.
What does history teach us?
Why is the South still so sore at
the North? If we men of the
South still feel resentful because
of the Reconstruction period of
1865 to 1867 what will be the
feeling among the Germans? We
Southerners should think about
that. If we can’t devise a plan
to let the Germans rebuild their
own country without rebuilding
their army and other war serv
ices we are not resourceful think
ers.
And now comes Mr. Gray, an
adviser to Mr. Truman, and rec
ommends that the wastefulness of
the Marshall Plan be extended to
Asia and South America. What
destruction was done in Asia
and South America by us or our
Allies?
Why is it that so many men in
public life have lost their com
mon sense? (Most of them have
not lost it Spectator—they just
never had it.—Ed.)
Do you know that 2500 prod
ucts are made from petroleum?
Cooking fats, paraffin, detergents,
shaving cream, face cream, can
dles, paints, medicines, inks, etc
All started with petroleum re
search.
Would you like to hunt oil. It
isn’t very easy:
“Finding and developing new
oil sources is the nation’s biggest
industrial gamble. Since the end
of the war the petroleum industry
has spent over $100 million a
month to keep proven reserves
ahead of the steadily rising de
mand. This year a record 42,200
wells will be drilled in the United
States alone. Next year the total
will probably be upped by anoth
er thousand if enough steel is
available. v
Though finding oil is a gamble
science and new techniques have
helped the industry whittle down
the adverse odds. During the past
decade locating oil without such
help has been a 16 to 1 shot;
with it, the odds have been cut
to 5 to 1. With drilling and prd^
duction costs going up, oil men
are more interested than ever in
pushing the odds still further.
Before drilling to prove the
actual existence of oil can start,
prospectors have to locate and
map areas where oil may be
found. One of the most widely
used instruments for oil prospect
ing is the seismograph, developed
originally to record earthquakes,
it has become invaluable in the
search for oil.
Using the seismograph is com
paratively simple. A charge of
dynamite is set off in a shorhole.
The waves from the explosion
travel downward until • they hit
certain rock formations and are
reflected back to the surface. By
checking the time required for
the round trip, geologists deter
mine the type and general char
acteristics of the land structure
and the possibility of oil or gas.
Outlays for this type of explora
tion currently total more than
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Since the war, oil - men have
taken to the air to find and map
possible oil-bearing areas with a
flying magnetometer. A ” lineal
descendant of the old “dip-needle”
used centuries ago in exploring
for iron and other magnetic? ores,
the airborne magnetometer is the
only practical means of making
magnetic prospecting surveys
over water areas which may hold
great oil reserves. Originated by
an oil company just prior to
World War II, it was adopted
by the Navy and used success
fully as a submarine dectector.
Improvements since then have
greately stepped up its efficiency
in oil prospecting.
Trailed on a 65-foot cable from
an airplane, the magnetometer
measures the earth’s magnetic
reactions electronically as the
plane flies along a pre-determined
course. These are translated
into magnetic contour maps
which provide valuable informa
tion on the structure of the base*
ment rock up to thousands of feet
below the surface.
The airborne magnetometer al
so has a wide use over jungle
and marsh areas. With it, a
single air crew can map 46 miles
of profile daily, compared with
50 miles by surface magneto
meter crews w-orking in fairly
open country. To date, over 109
million acres of land in the
United States and 19 million
in Canada have been surveyed
from the air in this way.
In its search for oil and gas,
the petroleum industry has al
ready leased some 206 million
acres of land in the United
States—more than one-tenth of
all the land and inland water
areas in the country. But find
ing and mapping possible oil
bearing areas iif only the first
step in the hunt. In spite of
years of reasearch, there is still
no way to prove that dll- is
actually present except by drill
ing.
Although a number of large oil
companies do their own drilling
more than half of the wells that
open new oil fields are drilled
by independent contractors using
rotary drills. There are about
765 such contractors in the
United States. With over 2,000
drilling rigs now in operation
this is a million-dollar-a-day busi
ness.
Costs of drilling ‘wild-cat’ or
exploratory vary greatly. Since
four out of every five such holes
are dry ones, finding a producer
in an unexplored area may cost
over $250,000. In some instances
a wild-cat has cost as much as
$1 million. Even in proved areas,
only three out of four wells turn
up oil in commercial quantities.
I read two advertisements re
cently that impressed me because’
they have so much meat.
This tells something we should
remember about our great coun
try:
“The biggest material fact in
the world today is American pro
duction—the ability of this na
tion, with only one-sixteenth of
the world's population, to pro
duce more than a third of the
world’s goods.
FARMS
AND
FOLKS
COTTON SEED SCARCE
The - price of cotton seed was
so attractive at gining time that
most of them went right to the
oil mills. That’s what our certi
fied seed man. Bob Garrison,
and our cotton specialist, Harry
Boylston, both tell me.
Now the word is calling for a
big -cotton crop. And folks are
wohdering where the seed will
come from.
The seed over most of the
Eastern Belt were of poor ger-
ination the past season. So now
Back of this capacity to pro
duce are * workers, management,
plants, macherinery, raw mater
ials and capital. This is AmerD
can Industry, increasing in power
through the talents and resourc
es of millions of people.
Mass investment made
production possible.
American industry is owned by
millions of stockholders. They
share the risks and rewards of
stock ownership... .in the auto
motive, steel, chemical, transpor
tation, textile and mining fields
... .in all the enterprises that
make up American industry, in
cluding eleqtric power.”
folks from other states haver
been combing South Carolina,
and other areas too, I guess,
for good planting seed in quant
ity. And they have found very
few, I am told. Those who will
need cotton planting seed might
do well to look around and lo
cate their needs before it is
too late. In view of this situa
tion, there will likely be a lot
of speculation in good planting
seed. And you know what that
does to the price.
INDUSTRY ON THE FARM
The past summer Walter Rawl
industrious farmer of ILexington,
put up 46,000 cases of okra and
tomatoes at the cannery out
there on his farm. He grew
most of it and his neighbors the;
balance. Irrigation multiplied
the harvest on his. And he can
ned some other things too.
Farm processing; “We need to
do more of that,” says Director
Watkins. Producer of raw pro
ducts have usually fared poorly.
As we process products and fin
ish them for human use they be
come more stable and profits arei
more likely.
Another advertisement tells of
the patience and expense of in-'
dustrial reasearch:
. “In research.. .it’s a long time
between pay days.
Pay Day is a favorite spot
on anybody’s calendar.
If you go into business for
yourself, your first pay day^may
be a long way off—and there’s
no guarantee of regular pay days
to follow.
How long you can wait for pay
day depends on how much capital
you have. Some businesses by
their very nature must wait long
er than others. When a company
engages in chemical research it
cannot expect a quick return on
its investment. Bringing a new
product to the point where it
can be sold takes a long time and
a lot of money.
Take nylon, for example. Du
Pont began the . first research
leading to this product in 1928.
Thirteen years and $27,000,000
later, pay day arrived.
In developing the manufacture
of synthetic anmonia, $27,000,000
was staked. On this product
there was a ten-year wait before
profits offset accumulated losses.
•Orion’ acrylic fiber is a new pro
duct that seems highly promising.
HORSE RACING
Up East there must be more
interest in horse racing than I
knew. It seemed that every
mass' f ew minutes our car radio would
go into exciting eyewitness re^
ports of races in progress, just
finished, and of others coming
up. It was all in the lingo of
the track that I did not under
stand.
Then, far to the south, at New
Orleans I saw similar interest*
The papers there carried a quart
er page racing results in very
fine print. Young folks must be
the principal readers for it
would sure take good eyes to
read that stuff.
It is a big world, and there
are many interests.
HATCHING EGGS IN OCONEE
County Agent Griffin called a
meeting of Oconee farmers to
discuss the production of hatch*
ing eggs. Something like 260
came, and 62 signed up to pro
duce them from about 30,000 hens
for a large hatchery at Gainsville,
Georgia.
For years they have had a
major 4-H poultry there with
original chicks furnished by
Sears-Roebuck. This h|is put
many good chickens over thq
country in addition to those they
already had. Surplus chickens
in the county have been sold in
cooperative shipments^ 19,661
pounds for $5,710.54 so far this
season, according to Griffin’s rec
ords.
More than eight years and mil- concludes
^MORE GRASS THAN CATTLE
“More interest than ever be
fore is being shown in planting
pastures,” says pounty Agent Me*
Laurin of Marlboro. “In fact
there are more pastures in sight
than cattle to graze them,” he
lions of dollars were invested
before much of the new fiber
Good for that! All too often in
the past we have gotten the cat-
had reached the trade and before tle before the
grass. And that
many people had ever seen ‘Or
loti.’ Pay day for this product
has not yet arrived. It is being
made in Camden.”
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PHONE 610
won’t work any better than the
cart before the horse.
But when we put the needed
money in these modern pastures,
we need to have enough cattle
to market that grass through, un
less we are growing pasture
just because it looks pretty.
“Yes, graze. But don’t over-
(Continued on facing page)
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