The sun. [volume] (Newberry, S.C.) 1937-1972, November 10, 1955, Image 2
PAGE TWO
THE NEWBERRY SUN
THURSDAY, NOVEMBER 10, 1955
1218 College Street
NEWBERRY. S. C.
PUBLISHED EVERY THURSDAY
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.
LISTEN, KIDS
COMMENTS ON MEN AND THINGS
The stout, sturdy and steadfast daily of Aiken, The Jour
nal & Review of the Kings and Howells carries a picture of
four citizens in a recent issue, the picture proclaiming the
joyful tidings to all taxpayers of Aiken, that “Aiken’s larg
est taxpayer by a big margin” had handed to the county
treasurer a check for $242,239.10. That taxpayer is The
South Carolina Electric and Gas Co. and the big check was
delivered by Messrs Bonnie Huff, J. R. McTeer and L. F.
Pierce. The happy recipient was County Treasurer Thomas
WilUamson.
Such interesting news deserves special treatment, so here
is what the Aiken paper says:
“The South Carolina Electric and Gas Company and its
wholly owned subsidiary companies have become Aiken
County’s largest taxpayer by a big margin, according to
Thomas H. Williamson, county treasurer.
Checks totaling almost a quarter of a million dollars cov
ering all taxes due through December 31, 1955 were deliv
ered personally to the treasurer’s office recently by secre
tary and assistant treasurer L. F. Pierce of Columbia, as
sistant secretary Bonnie Huff of Charleston and J. R. Mc
Teer, manager of the Aiken district.
The largest payment came from South Carolina’s gener
ating company which was organized to build and operate
the huge steam plant Urquhart Station and is located on
the South Carolina side of the Savannah river four miles
South of August, Georgia.
The generating company’s share amounted to $170,639.52.
The Electric and Gas company check was $64,380.52 and its
gas subsidiary, South Carolina Natural Gas company which
receives natural gas at a station near Aiken and transfers
it to the Columbia and Charleston areas, paid $7,219.07.
The grand total, after a two per cent discount, of $4,943,-
66 was deducted, amounted to $242,239.10.
These checks constituted the largest amount of taxes ever
received in Aiken county in one' day. The entire amount of
CROSS tl
;f
These 40 to 50 million additional mouths will require our
farmers to grow 42 per cent more food. In addition, industry
will consume at least 25 per cent more non-food products.
The two will need an over-all increase of 40 per cent in
farm production.
In order to obtain this increase with today’s average
yields, it would be necessary to open to tillage another 120
million acres. But it is estimated that there are only about
40 million more acres which can be made available profitably.
So the main burden of increased farm production will fall
on better techniques and the use of more farm machinery
and more fertilizer.
The effect of the increased demand for agricultural pro
ducts will be felt by many industries. The canning, freezing
and processing industry will expand its operations rapidly.
This in turn will cause the container manufacturers and
makers of metal foil and sealing papers to enlarge their
sales. It will give truckers and railroads hundreds of mil
lions more tons to haul, and step up the sales of the big
food chains. And, of course, it will produce directly a sharp
increase in the manufacture of farm machinery and of
chemical fertilizers.
If we are to make twice as many things by 1975, there
must, of course, be a rapid and extensive enlargement of
the various means of transportation.
We must haul 60 per cent more raw material from the
mines, the woods and the farms to smelters, chemical plants,
mills and factories. And we must haul it away again to con
verters and to consumers. The total tonnage to be trans
ported from one place to another will be from 60 per cent
to 100 per cent greater than it is today.
Railroads, as now, will carry an important part of this
From the Italy News-Herald,
Italy, Texas: A few days ago we
read a statement, attributed to a
Supreme Court justice, to the effect
that the courts must be guided
in their decisions by changing
times. If this is true, then the
entire foundation of our govern
ment is imperiled.
The United States is founded on
• government by law. Three sepa
rate and distinct branches of gov
ernment were provided by the
founders and their wisdom has
been upheld through the years.
These branches are the executive,
the legislative and the judicial,
and each is assigned bounds be-
[' yond which they were not to stray.
The legislative branch is em
powered to enact laws as public
necessity may require. The e:
ecutive branch is designed to ad
minister these laws and posses
ses the power of veto over laws
not deemed in the best interest of
the public. But even as the ex
ecutive has 4m power to set aside
the acts of ihm legislative by veto,
the legislative has the power to
pass the laws over a veto and will
do so if 4m public demand ia suf
ficient to justify it.
The judicial branch was not in-
tended to have either legislative
or executive authority. As con
ceived under our constitution the
judiciary—especially the Supreme
Court—is for the purpose of main-
taxes received from the nt y J immense tonnage. Cargo planes will multiply rapidly in
company is for schools, as the plant is exempt from county]^ ^ ^ ^ ^ voluin< f y of P fre [ ght .
taxes for a pen o ive years. ^ . , I Steamships wall leave our shores in growing numbers, bulg-
County Treasurer Williamson estima es a is p a i ng . w jth finished products, and bring back from every cor-
will remain the largest taxpayer m en coun y or a ong ner 0 £ ^ globe larger and larger quantities of raw mater-
period of time. The Graniteville Mills, an 6 a " I ials and the work of foreign craftsmen,
water corporations are the next biggest axpayers, w e “Trucks, like purposeful ants will roll along every high-
the Southern Bell Telephone company ra es a ong wi e way an( j c ^y s t re et carrying a staggering volume of raw' ma-
larger taxpayers now. terials to mills and factories, and of finished products to
If the S. C. Electric & Gas company were one of the Fed-1 gj^ops and homes throughout America,
eral examples of Socialism it w*ould not have paid all that I j n f u ^ ure we ghall have more of everything—more
money. It is worth considering: who pays for the schools? I thi n g g ^ use anc i enjoy, more houses, automobiles, house-
Well, it takes tax money, money paid by taxpayers as a I hold furnishings and accessories, radio and television sets,
charge on their property and activities. Do we need tax- [good food, and entertainment, more income with which to
payers and tax money ? Or should we have tax-free enter- buy these things, and throughout the nation and the entire
prises? world more people, many more people, who will need the pro-
All those gentlemen shown in the picture seem dressed ducts of American enterprise,
up for the occasion; and the big check well deserved the The conclusion that our Gross National Product will have
best “looks” those handsome gentlemen could “put on.” | doubled by 1975 rests on tv/o basic facts.
First: American business has an inherent dynamic com-
L^t us take another look into the future of our great na- J pulsion that has manifested itself since the middle of the
tion; “In 1954 each American used up 1000 times as much 19th century by doubling its volume every twenty to thirty
power as he did in the horse-and-foot-power days of 1775. years. A momentum has thus developed which apparently
And now in only another 20 to 25 years, we will probably I w j] no t be denied, and which can logically be expected to
|consume 2000 times as much! continue up to and well beyond 1975.
At>out a fourth of our total power in 1950 was used for Second: The rapid expansion of population is a world-wide
the transportation of people and things. Another fourth phenomenon. World estimates vary because of inadequate
was used for heat and light and to operate household &p- data, but such as we have indicate that the population of
pliances. A fifth turned the machines of manufacturers. I the world will be around three and a half billion by 1975,
And the remainder went into mining, pumping and con- a twenty-five year growth of one billion. The population of
version processes. the U. S., according to the Bureau of the Census, will be
The power used in America in 1950 Was equivalent 10 j 193 to 200 million, up 42 to 49 million from 1950. The en-
the energy that exists in 1,300,000,000 tons of bituminous | tire significance is not, however, in the fact of greater
coal. By 1975, estimates show, we will require the equiva
lent of 2,600,000,000 tons. Residential and commerical use
will rise 97 per cent. Transportation will use up an addi
tional 88 per cent. Industry will need twice as much as now.
Electric power, which has been doubling every ten years
since 1920, will rise from a 1950 base of 389 billion KWH
to 1400 billion KWH in 1975—-an increase of 260 per cent.
Today electric power is produced by water power and
thermal power in these proportions: 26 per cent by water,
11 per cent by oil, 14 per cent by natural gas, and 49 per,
cent by coal. When 1975 rolls around, the pattern for 1400 j
'Mon KWH will approximate:
iro power 275 billion KWH
175 billion KWH
825 billion KWH
125 billion KWH
aid, the population of the United States by
inched 193,000,000 to 200,000,00 people
force variously estimated at betwee
90. All of which means that
'75 we will add equivalent '
t American economy-
; on.
20 per cent
12 per cent
59 per cent
9 per cent
taining a check on both the legis
lative and executive branches. It’s
function is to determine whether
acts of the legislative conform to
the basic law—the constitution—
and whether or not the executive
is properly interpreting and ad
ministering the acts of the legis
lative.
It is not the function of the court
to say that the legislative or ex
ecutive is out of step with the
times—either in newly enacted
laws or those that have been on
the books for generations. The
bcecutive and legislative, both be
ing subject to induction and re
moval by the people, are the ones
that should decide about changing
times.
If they cannot act within the
scope of existing constitutional
provisions, then the people can
change the constitution by amend
ment No one except the people
has any right to change the basic
law. Unless we return to that con
cept of government our entire
structure is doomed.
• • •.
From the Cannelton News, Can-
nelton, Indiana: “Our great free
doms, our tremendous industrial
assets, our great farm endeavors,
our record of discoveries and in
ventions and countless other funda
mentals which combine to make
us defenders of our theory of life
have not come by accident
★ AUTHOR OF “HOW TO STOP WORRYING AND START LIVING ' *
FRANCES BRUNS, 1227 Daffodil Lane, Wantagh, New York, was
rushed to the doctor with what was thought to be an attack, of ap
pendicitis. The doctor examined her and gave the verdict: Ulcers.
Twenty-three years old and ulcers! A gloomy outlook.
There must be a reason. She looked back across the years. At the
age of 19—and nine months after their marriage, her husband suffered
a stroke. They had to weather some hardship but
managed to pull through fairly well. However, later
she became obsessed with re-living the past
would continually dwell on what had happened to
them during those early days of marriage. If her
husband were late, she would get terrible pains in
her stomach. The same thing would happen if he
happened to mention that he wasn’t feeling too well
Finally she took hold at herself and decided that
her attitude would never do. She then decided to go
out and get a job. This started her taking an inter-
•st in life again. Then she enrolled for a course in CAKNXGnC
public speaking in order to meet more people end broaden her
as well as learn how to express herself. She says all this has ****** bar
feel young again and given her an entirely new outlook on
Now she says the worst that happens to her is a happy tired failing
i/fANY economists in Washing-
-▼ A ton are seeking the answer to
s highly controversial question of
‘How long can prosperity be con
trolled by the manipulation of
money, of credit, interest rates
and taxes?”
The Eisenhower administration
has been highly successful thus
tor in juggling these economic
factors to control the nation’s econ
omy. The Administration fiscal
string pullers point to the high
national income, ^pd overall pros
perity and declare they have sta
bilised prices, have kept employ
ment high, deflated a 1953 boom
headed toward inflation by a hard
money policy; reversed that pol
icy to combat the recession of
1953-1954; boosted interest rates
when money was plentiful; in
creased margins and used the Fed
eral Reserve banks to stem over
credit and otherwise kept the na
tion's business going at full tilt
and on a sound basis. But wheth
er this turning off and on of
economic controls like a faucet
can be kept up indefinitely ia wor
rying some business leaders as
well as economists.
This worry comes over the tre
mendous debt pile-up of both pri
vate and public debt and the high
cost of credit While the business
community continues to make new
records at tremendous profits and
gains have been made by some
groups at the expense of others.
The Public Affairs Institute, a
Washington economic service,
warns its clients that it ia time to
take stock of these economic man
ipulations as devices for control
ling the economy. They warn that
the 1953 recession was unneces
sary and was brought about by
the Administration’s hard money
policy, to which all economists
now agree. They say hard money
manipulations enabled the admin
istration to scrap controls and cut
corporation excess profits and pro
vide dividend tax benefits.
They say the monetary policy
and increased interest rates has
contributed to deflating the highly
sensitive farm commodity prices.
And this deflation of farm prices
has been used to offset increased
prices of industrial products, thus
permitting the claim that prices
are stabilised.
Public Affairs Institute also
makes these criticisms: That mon
etary policies have been used to
reward lenders with higher inter
est rates at 4m expense of 4m
public welfare;
That interest rates on all types
of borrowing has risen (prime
rates now up to 3%% which means
4 to 5% on less than prime bor
rowers). That cost of national debt
has increased;
That banks and lenders have
been particular beneficiaries of
the money , policies and that bank
profits have been pushed to high
er levels every year since 1952;
That special tax treatment of
profits and losses from sale of
U. S. Government securities en
ables banks to charge off losses
100 per cent while gains from se
curities sales are taxed at only
25%; that in 1954 when lending
declined, banka still made $500
million gain from sale of govern
ment securities, taxed at only
25%, and that this year banks are
reducing tax liability by aelling
government bonds at a loss fully
tax deductible.
CROSSWORD PUZZLE
l:
im
mam**
.;. ip IP .,, w
to called Ike “Father” of the Federal system of
trie dams?
The late Senator George W. Norris, of Nebraska. He said: “Every
stream in the United States which flows from the mountains through
the meadows to the sea has the possibility of producing electricity
for cheap power and cheap lighting, to be carried into the homes
and businesses and industry of 4m American people.'*
What are the three prHicipsl ■■iitomto of commercial fertiliser and
what is the states at their supply?
▲—Nitrogen, Phosphate and Potash. The Department of Agriculture
says supply of nitrogen for 1966-M Is estimated at 2,350,000 tons,
up 4.4% over last year; of phosphoric add, 2,300,000 tons, about
same as last year, and of potassium oxide, 1,940,000 tons, up 4.3%
over last year.
taking a four-year course la law at eight under the Korean GI
It to an accredited school. WOI tikis he
ACROSS
1 Custom
5 Recreation
10 Kind of
sandwich
14 Notli
15 News sheet
16 Declare
17 Classify
IS Place of
combat
IS Donate
30 Kxpress dis
approval
S3 Caused a
nricklins. -
sensation
34 To beat tt
■jury list
47 S3 in a
of
48 Marksmen
60 Aeriform
fluid
61 Far arway
54 Honest
63 Travel
63 Build
64 Metal
65 Emmets
66 Canvas
shelters
67 Soap
bubbles
44 Scamps
A—It will be considered at not more than tiireeniusrters time training,
not fun time.
Banking system a part ef thi
SO Unites by
fusing heat
94 Dry -
§85g££»
37 Fish
89 Eajrflndlan
41 T
49
44 Paper
A—Yes. The Board of Governors was created by Congress and la a gov
ernment establishment The twelve federal lesern
pormtions set up by Federa) law to operate for publie
der government supervlaiba. The Federal Reserve Banks have
hdd by the courts to be agenciea or tnstrumentalitlsa of tim Feddcgl
n MB It Si
▲—It has fan power, can icwiita it change It at wA except as to tiQe
mac
1. AocUvfty refers to (a) ability to adjust to circumstances;
(b) an upward slope; (o) scquiescense.
2. Acidulous means (a) colorless; (b) slightly sour; (o) inao-
ttre.
3. Adduce means (a) lure away; (b) quote authority; (o)
berate. -
ANSWERS
*4t|jeWe« eteap **
/ * jaeg *g
‘•doni pjvmdn *f
OUT
numbers, but also in an aroused world-wide demand for a
better s andard of living; for more things to use and con-
ssive demand must be met, for the most
' tive capacity of the Western world, par-
" the United States. It will provide us,
«
■ h a rapidly growing market, both at
”irv spending power in this
times in the past 15 year*
^260.5 billion in 1955- -a
v at ar equally rapid rat
derson, 22,
G»., lifted 1439 Dm. to set
world record in Munich, Ger»
lifting
to osU on tto
for n turn at the
Isn’t there sure to be n:
tor n
to wish for the
| the man who led er shared the Na-
■J ____
194fl to 1963? Klner’s high-
. \J with Pittsburgh was
(in 1962), and his 19
In toe National
to half a
His reported salary aa general!
at Sae Diego to $26,999
. When Derto Hart quit toe
ranks to become
| at a Itotoel hotel,
a week, both its
A
that wffl
$76,999 hi It
3xt 20 years, it is Obvious that there will undoubtedly
- demand an ample purchasing power to support
National Pr uct in 1975, which yriU be twice as
is today.” -