The sun. [volume] (Newberry, S.C.) 1937-1972, April 17, 1953, Image 2
PAGE TWO
1218 College Street
NEWBERRY. S. C.
PUBLISHED EVERY FRIDAY
O. F. Armfield, Jr., Owner
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: $2.00 per year in ad
vance; six months, $1.25.
COMMENTS ON MEN AND THINGS
By SPECTATOR
Are we being taxed excessively? You hear that, On all
sides one hears something like this: What’s the use to work
hard? Why “go all out’’, when the result may be only a
heavier tax? there must be something wrong, and certainly
we must be able to correct this condition.
Men work because they expect the fruits of their labor.
We know that we must have schools and hospitals, street
paving and policing, an army and a navy, but even those
who receive special benefits from public funds complain
of the heavy taxes.
It seems to me that we should never have thrown money
away in Europe and Asia. Men all over the world thrive
on difficulties and grow strong by overcoming difficulties.
When the Germans crushed the French in 1871 who re
built France? When Napoleon overran Europe who poured
out money to rehabilitate Prussia, Italy, Austra and the
others? Who, indeed, gave billions to France to save her
self from Napoleon- But I have finer illustration at our
doors: who spent money to rebuild Virginia, after four
years of destruction, her fields and homes cut up by shells,
her productivity virtually destroyed, her men in the army?
. Who restored South Carolina after Sherman’s march to
the sea- Neither Virginia nor South Carolina was petted
and pampered; they were despoiled.
If some great nation had been ready and willing to re
vive us we could easily have spent several billions a year.
Perhaps, like the world today, we might still be calling for
help. Our people had to make bricks without straw, as the
Egyptians compelled the Hebrews to do. But the best man
hood in the Nation developed from the stern necessities of
adversity.
A Government need not feed us; we can work for our
food. What we ask is a free, unfettered opportunity to
work; and what the Nation needs is an opportunity to
develop itself so that the constructive imagination and the
spirit of adventure in enterprise may have free course.
The Government should police us so that every one’s rights
and initiative should be protected, but not allowed to op
press others. Even that needs modification because if a
man by a new process may undersell his competitors by
a large margin they will complain, though the process
of the world may hinge on using all the new processes and
devices that may enable more people to enjoy the good
things, the comforts, conveniences and pleasures of life.
I want to tell of a great corporation and what its annual
statement shows. It is not a South Carolina Company.
Last year — 1952 — the Company sold goods to the
amount of $693,941,000 and made a net profit, after all
taxes had been paid, of $32,325,000. Well, that seems good,
doesn’t it? — more than $32,325,000 net profit. But that!
is only $2.10 a share. The shares are selling for about
$30.00. $2.10 on $30.00 seems fairly good but the stock
holders were paid just $1.00 a share. $1.00 on $30.00 and
all the risk. Well, what happened to the difference? The
difference was retained in the business. Each stockholder
was entitled to $2.10 but received $1.00 and the total kept
back was $15,314,000. Here is a point worth remembering:
the big companies never pay out all their earnings; they
hold back half, sometimes two-thirds of the net earnings
in order to have money for expansion and for emergencies.
In order to appreciate this: if a railroad has a big wreck
it will make heavy expenditures to overcome it; if a tele
phone, telegraph or electric power company or gas pipe
line has a storm damage it must have heavy reserves. So
teh men who own the company never receive all the earn
ings. When they sell their stocks they may get back a part
of it in the price received.
Now the company I was talking about earned in profits
$67,362,000, but paid in Federal taxes on income $35,037,
000, or 52 percent of all the profit. The total taxes paid
to Federal, State, and local units amounts to $66,607,000.
That is almost 10 percent of all the sales. The taxes would
equal $4.80 a share;*the stockholders received only $1.00
a share.
This Company employs 64000 men and women.
In that Company’s statement I read some interesting
items/: there are about 22 million homes in the United
States with television. There are about 26 million phono
graphs in the United States, an increase of 18,000,000 since
1946.
Within ten years this great company has paid its stock
holders a total of $102,229,000, sometimes paying just 20
cents a share; but within that same ten years the Company
has retained or held back out of the profits $153,299,000,
and that has been used for expansion.
What I have cited is typical American business. When
a company needs $153,299,000 within ten years it may not
be able to borrow it; it may not always find the money
market favorable. Then again, it would have to pay interest
on the loans and have a maturity—a definite time of repay
ment. That my friends is the principal difficulty in borrow
ing money: you must pay it back and at the time specified.
If that were not true all the banks would be swamped with
borrowers for a few months. After that there would be
THE NEWBERRY SUN
FRIDAY, APRIL 17, 1953
THE DESTRUCTIVE PRINCIPLES
izrsRx*>
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no more money and no more banks. And the banker him
self would be “on relief, or working with the W.P.A. If
the banker ever seems unsympathetic it is because he is
trying to protect the little nest egg of the Widow X and
the savings of that handsome young couple now saving to
buy a little home and send their boy to school.
When we talk of peace the prices go down; when we talk
of war the prices go down. Our people make big plans on
the conditions of the day, whether of war or peace, and be
come alarmed lest any change will unsettle things. And so
it does. But the abiding factor is the productive and buying
power of our people, in time of peace. All this fluctuating
of the day is the usual stir and unsettilng, but let us have
peace. The so-called prosperity we’ve had is largely a paper
affair; the only person who really prospers permanently by
war hysteria is the person who receives high wages and
high prices, but who does not buy anything. Whatever you
buy will reflect the very condition that pays you easy
money. The housewife who sells eggs for a very high price
is also paying a very high price for chicken food. Isn’t that
true?
No country can afford to lose its young men in battle
except for a great principle of vital importance, or for the
defence of the Nation. Any sort of prosperity based on the
lives of young men is a dolorous phantasy.
Well, here’s cotton coming to the front: “Cotton is climb
ing to new pinnacles of popularity in playtime attire. It’s
leaving rival rayon behind.
This gain for cotton is helping it make up some heavy
recent losses in other outlets. In bag making, it’s suffered
lately at the hands of cheaper burlap. In auto tire cord,
rayon has deeply dented cotton’s market.
The owner of a big Dixie cotton cloth mill, as he gazed
out on a beach covered with vacationists: ‘See that cotton
out there? I’d really be in a spot if I weren’t selling a lot
of yardage to about 18 more sport clothing makers than I
was last year.’ Two fellow cloth-makers nodded agreement.
Meanwhile, cotton’s climb in casual wear is being trans
lated into heavy mill activity.
By far the biggest single fabric in sport and casual ap
parel today in denim, the coarse blue fabric once worn
almost entirely for such things as hod-carrying and field-
tilling. It first stepped into the leisure class about 15 years
ago.
Cotton’s climbing in sports-wear is helping keep the nat
ural fibre pretty steady in public favor — despite the gains
of synthetic.
CROSS ti
-Sg 5
From The Firelands Farmer,
Berlin Heights, Ohio: Farm ma
chinery manufacturers report that,
since farm prices dropped, the sale
of farm machinery has slumped
as much as 29 per cent under the
same period last year.
It is poor economy to operate a
farm with broken-down equipment,
and more than ever in the face of a
falling market when the farm must
be operated at peak efficiency to
show a profit. Aside from this, the
money hoarded further depresses
the income of the farm equipment
worker who in turn curtails his
purchases of farm products.
• • *
From the NewcasUe News, New
castle, Pa.: It takes guts to write
local editorials in a town of less
than 10.000.
• • •
From the Catskill Mountain Star,
Saugerties, New York: “Our pur
pose is to manage the govern
ment’s finances so as to help and
not hinder each family in balancing
its own budget,** said President
Eisenhower in his State of the
Union address.
And now comes the first signifi
cant indications that American
business was listentag . . . may be
taking these Presidential words as
a golden text.
The manufacturer we have in
ratnH decided that if s about time
the purchasing power of the five-
cent piece was restored. Hie com
pany takes issue with the late Tom
Marshall, believing apparently, that
he nation needs mostest and
firstest is not “a good five-cent
cigar,” but a good five-cent toilet
soap. The psychological fact of
introducing a quality, nationally-
known item of merchandise for five
cents is all but over-powering.
Maybe this soap will help us wash
away our economic sins, though
the people recommend it for skin,
not sin. •
Our new leaders in Washington
are convinced the laws of supply
and demand were never repealed
but merely smothered. They are
taking the wraps off. It’s hoped
that other businesses will accept
the soap-makers’ challenge and
that the humble nickel will be
money again.
• • •
From the Barbourville Advocate,
Barbourville, Kentucky: We ad-,
mire any. man who will speak out
. and in every case we whole
heartedly give way to his opinion
as one of his own, not necessarily
one that this paper might endorse,
but as an individual opinion. These
individual opinions can rule this
country, just as effectively as any
ruling or government body ever as
sembled. There is no better way
in America, under the American
way of freedom, for a group of
thexnsi
citizens to express
iselves than
through the columns of the local
newspaper.
the Biown*vine Telegraph,
Brownsville, Fa^ The Eisenhower
administration is removing the
burden of wage and price controls
from us . . . We will be expected
to exert tome self-control.
I T HAS long been oelieved by ob
servers watching the political
“hassle” in Washington, that many
big-name government men taik too
much. That belief is now taking
firm hold of some of the men who
make the final decisions in gov
ernment.
As an example of what talk will
do, military observers are pointing
to the latest attacks by the Chinese
in Korea. In this country the news
papers carried headlines for days
telling of reported ammunition
shortages in Korea. Military men
made reports, senators investi
gated and talked, and the subject
became a topic of discussion at ev
ery bridge table, tea party and
country club across the nation.
Now the military men are saying
that the Reds evidently believed,
or wanted to find out for them
selves, and for that reason launched
their new attack which overran
two U. N. positions and caused the
worse Allied setback in over five
months.
These investigations are getting
out of b" d, many believe, and are
causing concern in the highest cir
cle of government.
One senator recently shouted on
the floor of the senate that the U. S.
Airforce lied about the attack by
Red planes on a U. S. weather air
craft off the coast of Siberia. His
statement has made excellent
propaganda for the Reds It was
never explained where he got his
information concerning the inci
dent.
President Eisenhower is becom
ing extremely concerned over the
investigations that are taking up
so much time for the lawmakers
and some of the results
He said at a recent news con
ference that he believes congres
sional investigations of subversive
activities can be carried to a point
of damaging from within what you
are trying to protect from without.
And you need real wisdom to avoid
that, he added.
The question of investigations
was also the subject of a recent
editorial in The New York Times,
»
which said in part: “There have
been many signs recently that the
country is waking up the menace
of attacks by irresponsible congres
sional committees, or the chair
men thereof, on the basic rights of
American citizens. If these at
tacks have not yet reached a point
of grave danger it is because they
are mainly conducted by men of
small-intellectual stature. These
are not the giants of congress. They
are the little men who might other
wise be overlooked. They are little
men intoxicated with a bit of pow
er and a splash of publicity. They
must, however, be dealt with, pre
ferably by their congressional
brethren We cannot indefinitely
have these arrogant upstarts pry
ing into matters which are no af
fair of theirs, including the private
opinions of our citizens.”
This editorial is quoted only be
cause it expresses the thinking that
is beginning to prevail in the na
tion’s" capital.
Another proposed investigation
that has caused considerable com
ment was Representative Velde’s
suggestion a probe should be made
of Communist infiltration into the
churches of the country.
This investigation immediately
caused a storm of protest among
church leaders. At the moment it
appears unlikely that such gn in
vestigation will ever take place.
DaieCarmegie
J'HOW TO STOP WORRYING AND STARTUVING'’ +
r\R. J5LATER M. DOZIER, 532 Knollwood Drive, Falls Church, Vir-
ginia, says he always has been a chronic worrier and was rather
proud of it! When he first began practicing medicine, he many times
found himself unable to sleep because of worry about his patients. He
made c vigorous effort to determine the cause of his unrest and dis
covered that cases- which worried him most were the ones in which he
had not been as thorough as he should have been.
Thereafter, when this situation occurred, he
would dress and go to the patient telling him he
happened to be in his section of town and decided
to see how he was feeling. If no lights were burning
in those small town homes, he did not bother to stop
as he knew all was well. However, if there were
lights burning, he went into the home and even if it
required three or more hours to complete a thorough
job of diagnosis and to explain proper treatment,
he remained in that home until the job was com
pleted to his satisfaction. The employment of this
method always enabled him to sleep like a child
went to bed.
He believes that the presence of worry is an indication that a person
is serious, conscientious and deeply concerned with the problems which
confront him. but that by learning to control and direct worry we are
driven onward to better, more perfect attainments. However, if we do
not control worry, it can produce an emotional situation within us which
will lead to frustration, misery and ill health, and determine whether
we are happy and a success, or miserable and a failure.
CARNEQIE
when he finally
1. There have been 35 atomic bomb explosions by this coun
try. Do you know the date and number of the one that destroyed
Hiroshima?
2. The Republican party is called the GOP. What does GOP
t mean?
3. Can you estimate the number of persons on the govern
ment’s payroll?
ANSWERS
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Polio Vaccine Undergoes Test;
Medical History in the Making
NEW YORK—The biggest story
in medical history is in the making.
It may become a complete^ story
before the year is, over.
The story is the new polio vac
cine which recently passed its first
human tests on 90 children and
adults. A creamy vaccine, homog
enized in mineral oil, gave all 90
persons protective antibodies
against all three types of virus that
can cause human polio.
However, Dr. Jonas E. Salks,
who has worked on the vaccine,
warns there will be no polio vac
cine for general use this summer
and that a great amount of work
remains before the vaccine is
ready for wide public use.
The vaccine is the result of the
work of hundreds of scientists and
$18,000,000 in March of Dimes
funds.
It is made out of all three types
of polio virus, grown in test tubes
and then killed or inactivated with
formaldehyde.
Disarmed this way, the viruses
cannot cause polio, but can still
stimulate the human body to pro
duce antibodies, the agents to fight
off invading live viruses.
Three weeks after toe vaccine
was injected into muscles, 90 per*
sons all had antibodies against all
luman polio. They developed as
many, or more, antibodies than if
they had actually been invaded by
live viruses.
Dr. Salk said many more careful
tests must be made first on hun
dreds or thousands of people be
fore the vaccine is ready for wide
use.
The pace of progress is fast, ne
said, but must continue step by
step to make sure of this vaccine.
It was first disclosed last January.
Dr. Salk said scientists working
on the vaccine want to reach their
goal as quickly as they can, but
it cannot be done in one day. It
will be achieved, he said, if we
move cautiously and with under
standing step by step.
Certain things cannot be has
tened, since each new step cannot
be made without establishing first
the wisdom of the one before. We
are now faced with facts, and not
merely with theories. With this
new enlightenment we can move
forward more rapidly and with
more confidence, he added.
’ The tests were made on children
at the D. T. Watson Home for
Crippled Children, Leetsdale, Penn
sylvania, and on children and
adults at the Folk State School,
Polk. Pennsylvania, which treats
Citadel Cadets Fired First Shot
%
in War Between the States
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, ms ifpM-i * ^
The first shot in the War Between
the States, a broadside at a Union
relief vessel, was fired by a detach
ment of Citadel College cadets sta
tioned on Morris Island. The
Union ship—Star of the West —
was approaching Fort Sumter on
January 9,1861, when this historic
shot tore into its side. And Arsenal
Cadets, under Captain J.P.
Thomas, fired the last shot of the
war by any organized Confederate
troops east of the Mississippi. This
last resistance was against Stone-
man’s Raiders near Williamston
on May 9, 1865.
Established in 1842 as the
Military College of South Caro
lina, the Citadel is the second old
est of the state-owned colleges.
The name Citadel is derived from
the institution’s origin as one of
two fortresses for use in. slave up
risings: The Citadel on» Marion
Square in Charleston, and the Ar
senal (now Governor’s Mansion)
in Columbia. They were combined
in 1861.
The military school has given
officers in every war of the Repub
lic. Its cadets trained the Palmetto
Re’giment of Mexican War fame,
fought for the cause of the Confed
eracy in the sixties, participated
fully in the Spanish-American War
anj World War I, and in World
War II some 6,000 Citadel men
served their countrv. Over 300
Citadel men lost their lives in
World War II.
The campus covers 200 acres
in Charleston adjoining Hampton
Park on the Ashley River opposite
the site of “Old Town”. Its paved
g arade quadrangle is surrounded
y barracks with tiers of arches on
the galleries which are architec
turally an adaption of the Spanish-
Moorish design.
The present campus was given
to the State in 1919 by the city of
Charleston and all the present
buildings were constructed after
that date. Approximately 1,000
cadets are enrolled and receive full
military training with courses lead
ing to regular academic degrees.
MARY SELLS BONDS . . . Fenner screen star Mary Plckford is
touring the country on U. S. “bond a month” drive, Korean medal
of honor winner Maj. Raymond Harver (left) and World War I medal
winner Sgt. Louis M. Van lersel aid kickoff in Los Angeles.
DISK WEIGHT ... By mounting half-barrels on a wooden frame
bolted to the disk, you can get the right amount of weight for disk
ing. Fill them with dirt to achieve toe proper weight.
CROSSWORD
PUZZLE
HORIZONTAL
1 Hiavenly
bodies
6 Musical
instrument
11 Human being
12 Make endur
ing
14 American
Indian
15 Foreigner
17 Note of scale
18 Corded cloth
19 Part of
church
20 By way of
21 Preposition
22 Outer
garments
23 Furnishes
with strength
for action
24 A direction
25 Mimics
26 Roam
27 Dry
28 Containers
29 Freed from
moisture
31 Number
32 Prefix:
down
34 Radicals
35 Europeans
36 Symbol for
iridium
37 Fifst woman
38 Ice masses
39 Guido’ ' '
note
40 Denoting
shli
high
p In
unfit .
Lloyd*,
sister
41 After awhile
42 Word of
sorrow
43 Member of
armed forces
45 To compose
47 Measure of
capacity
*48 Animal
VERTICAL
1 Peaceful
2 Journey
3 An enzyme
4 Artificial
language
• Broke sharply
and suddenly
6 Couples
7 Arrow poison
8 Girl’s name
9 Direction
10 Rowing
11 Persian elves
13 To rent
IS Prevaricates
1
2
3
4
5
6
7
8
9
10
11
12
/
13
14
/////
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18
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23
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27
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29
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33
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36
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39
40
41
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43
44
45
46
47
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48
a*
PUZZLE NO. 2X1
IS Palatable
20 Moving trucks
22 Tends
23 Ship’s officer
26 Zanders
27 Military
assistant
21 A first
settler
29 Reverie
30 Expose
Warning cry
Answer te Psssle Ne. 280
31
in golf
To expend
To rub out
35 Man’s name
Poison
Nome in
Greece
inated
ustle
41 Ilium
42 Bustli
44 Japax
marine
measure
48 Word of
negation