The sun. [volume] (Newberry, S.C.) 1937-1972, November 01, 1956, Image 2
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PAGE TWO
THE NEWBERRY SUN
THURSDAY, NOVEMBER 1, 1956
1218 CoUepe 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.
Governor Timmerman said recently that a whopping $1,-
278,000,000 has been poured into new and expanded indus
tries in South Carolina since 1945.
In a prepared speech at dedication of the Sangamo Elec
tric Co’s, new plant Gov. Timmerman said 67 million has
been spent on plant expansion in the state in the first nine
months of this year.
He credited the people of South Carolina as ‘the principal
reason’ for the record-breaking industrial advance.
‘They are ndependent thinkers who look upon industry
as a valuable partner in their community,’ he said.
Gov. Timmerman said that business officials have told
him that ‘South Carolinians produce from 20 to 50 per
cent more than their counterparts in other sections of the
DON’T BE A SLACKER
COMMENTS ON MEN AND THINGS
BY SPECTATOR
An up to date picture of our great Nation:
“Despite a decrease in farm employment, there were an
estimated 66,752,000 people at work in August. Factory
worker’s pay, both hourly and weekly averages, also reached
all-time peaks. There werel,264,000 more persons at work in
mid-August than a year earlier. Unemployment decreased
more than seasonally, and the total of 2,195,000 was the
lowest since Feburary.
Consumers have maintained a steady rate of spending,
but it does not appear to have kept pace with increased in
comes. Personal income was at an annual rate of nearly $325
billion, or almost 7 percent above the year 1955.
Retail store sales exceeded $16 billion in both July and
August for gains respectively of 3 percent and 4 percent
from 1955. Cumulative sales so far this year have been $123
billion, or 4 percent above a year ago.
Further evidence that consumers have not been passing
as large a share of their disposable income across retail
counters as during last year may be found in the tally of
liquid savings. According to Federal Home Loan Bank Board,
individuals added $7.1 billion to their bank accounts, in
surance reserves, and savings bonds during the first half
of 1956. This was $1 billion or 5 percent above the like period
of 1955, and nearly 13 percent greater than during July—
December of last year.
College and university campuses have recently opened
their gates to nearly 3 million students, while our secondary
schools have admitted around 8 million boys and girls. By
1965, less than a decade away, these numbers will expand
by nearly one half. Nor will this mark the end of the rising
tide of enrollments. With teachers and physical facilities al
ready overburdened, an increase of 4million additional high
school students and of nearly 1,500,,000 college students
poses one of the most pressing problems facing America.
How we meet this challenge and how the bill yill be paid is
of prime concern to private business enterprise, which needs
a growing reservoir of manpower possessing greater skills
and creativeness.
Here are some of the things men of science and industry
expect around 1960-65 and later:
Individual flying machines to help conquer problems of
traveling in congested urban areas.
Chemicals that can radically influence the groth of plants
and animals, even perhaps remove some of the physical
dangers of infancy and old age.
Plastics to replace many of today’s non-ferrous metals
plus new rubber-like materials to fill a host of yet-undefined
needs.
Chemical means of producing electricity, and vastly im
proved methods of storing and transmitting energy.
New metal alloys for high temperature, high pressure
applications in jet aircraft, guided missiles and industrial
processes.
These peeks at the future were made at a round-table meet
ing of some of the nation’s top industrial research directors
and editors of The Wall Street Journal.
7- Most of today’s laboratory work, by creative people as
well as the scientific plodders, is evolutionary, not revolut
ionary. It is keyed to improving existing products and pro
cesses. Success of these experiments won’t give consumers
radically new products, but it will mean better, cheaper goods.
But in many areas of research, such as difect conversion
of atomic radiation into electricity, the most creative men
in research are looking for a ‘breakthrough’ idea that will
open up a new field to commercial exlpoitation. A recnt 1
breakthrough was the discovery of a way to use super pres
sures to make synthetic diamonds.
Developments of safe, lifht-weight, high-energy fuels is
one of the keys to individual flying machines.
.Chemical control of plant life is another rapidly growing
area of research. Weed-killers used by professional and
amateur gardeners are only the beginning, researchers pre
dicted.
‘Startling effects on plant growth are being obtained,’
commented one scientist. Compounds are being investigated
that make plants grow slower or fasten, taller or shorter,
increase flowering, grow ’more beans or fewer beans.”
nation.’
He added that ‘this espirit of cooperation is not confined
to the employe. It prevails throughout the community
where a desirable industry is located and extends all the
w r ay to the top echelons of state government, including the
legislature.’ «
Gov. Timmerman cited as other reasons for the state’s
attractiveness to industry a stable government, sound tax
structure, abundance of natural resources, moderate cli
mate, strategic location, and excellent harbor facilities.
He said the state ‘also is alert to the importance of edu
cation to the progress of the state and industry. Youth,
recognizing industry’s need for highly specialized personnel,
are preparing themselves for our industrial future.
‘The percentage of high school students taking courses
in physics, alegebra, geometry and chemistry is well above
the national average; and in the field of higher educa
tion, it has the highest percentage of white college grad
uates in any state in the nation. This means a continuing
supply of educated personnel for management.’
The Sangamo Company has three plants in the U. S., and
four affiliates in foreign countries. It manufactures elec
tric measuring and control equipment.”
When Frankin Roosevelt was Governor of the State of
New York he had a small group of advisers who became
known as “The Brain Trust”. The leader of that group was
a studious, thoughtful, scholarly man, Raymond Moley, a
professor of Columbia University, New York. Dr. Moley
later served President Roosevelt very notably.
I quote from a recent article by Mr. Moley:
“The American people had waited a long, long time for a
restoration of the normal, rational relationship between
them and their government. For twenty years they had
endured a succession of crises, some genuine, many others
generated by political expediency. There had been war
abroad and at home—rage among the nations and hatred
here among neighbors. In politics, tough talk degenerated
into rantings. Social reconstruction had tarried too long
on the stage and, like a poor player whose audience is
spent, it substituted noise for sense.
True, there was a measure of war-made prosperity. But
there was also the degeneration that always comes with
long-held power. The American public had suffered enough
at the hands of people who preached social justice and prac
ticed petty graft. It was sick of claptrap about the com
mon man while politicians bought the votes of the incom
petent with subsidies. It was enraged at a government
that prated of security while it legislated financial poli
cies that swindled people out of the security they had pro
vided for themselves.
The alternation to a continuation of that regime was
embodied in a kindly, reasonable, decent man who wore
his honors with comely modesty and who promised little
but to restore dignity and integrity in the public seryice.
That man never conce. od himself to be eithef a scourge or
a savior. He spoke i simple terms of confidence, common
sense, self-reliance, go d taste, and conservatism.
Elected, he fulfille he expectations of those who swept
him into office. He la >ored patiently to heal the differences
in his party. He worked with all nations toward the goal
of a world at peace. He dealt with Congress as a coordin
ate rather than as a 11aster. He saw great talent for man
agement among men of the business community and the
injustices as well a? me waste in past policies of treating
them as untouchables. Instead, he invited many of them
to join him in the c nossal tasks of managing a super-gov
ernment. He askerl for the participation of local authori
ties and private capital in developing great public works.
His ’dynamic consei vatism’ recognized the abiding value of
economic decisions made by countless individuals, in contrast
to the planning of a bureaucracy.
ff
brain bui
1. In concinnity, there most be (a) distrust; fb) harmony;
(c) fear. *
2. C our ante refers to (a) a recluse; (b) a dance; (c) food.
3. The Cremona is (a) a famous landmark; (b) Italian pal-
are; (c) violin.
ANSWERS
*«n*iA •»
*s
1
h i n c t o n
Q—Can you tell me what is “Euratom" as compared to “NATO” in
Europe?
A—“Euratom’' is a proposed six nation treaty to create an atomic
energy pool in Europe participated in by France, West Germany,
Italy, Belgium, The Netherlands and Luxembourg.” NATO is a
military organization in which England. Hie United States as well
as European countries pool resources under a treaty agreement,
for the protection of these nations against outside aggression.
Q Has the Government ever paid any dividends on five year term U. 8.
Government Life Insurance (USGLI) originating in World War I?
A—Yes, the last dividend was paid about 25 years ago. Another divi
dend is due in 1957 on 5-year term USGLI amounting to approxi
mately $1,000,000 distributed among about 20,000 policyholders.
About 330,000 persons holding permanent World War I USGLI will
get about $25 million, also in 1957. 1957 will be the jackpot for serv
icemen’s insurance, for the VA also will pay out about $210,000,000 in
1957 in NS LI insurance for World War II holders as compared to
$185 million this year, to about 5 million policy holders.
Q—I am planning to sell my home purchased with a GI lo—. When
should I apply to VA for release from liability to the Government?
Does this effect the guaranty of the loan?
A—Apply to VA before signing the contract to sell your home. No,
the guaranty will continue in effect.
Q—What is a quorum of the United States Supreme Court?
A—When the court was enlarged to nine members in 1863, the law
prescribed a quorum of the court to be six justices.
.
V'-*.
■
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ROYAL VISITORS... Prince Ranter and Princess Grace of Monaco
paid informal visit to White House for chat with Pres. Eisenhower.
TELL US V0UR
PROBLEM]
AND LIT SB PASS IT ON TO NBLP OTHERS M SOLVMO THKWS.
BY JOHN and JANE STRICKLAND
"When troubled have faith in your
God. All fails where faith fails."
A FTER World War H, Harris
Walters, 3862 Qrchard Street,
Cleveland, Ohio, came home to
find himself deeply in debt, debts
about which his wife had written
nothing. “If we had been so un
fortunate as not to have you come
back,” she said, “I didn’t want
you to be worried. And you
couldn’t have done anything about
jt, anyway, until you did come
back.”
Harris knew that it wasn’t his
wife’s fault that she had had such
a difficult time when the twins had
been born just a few weeks after
he left, nor that there were con
tinuous doctor bills for her, as well
as for them. Nor was she to blame
that his mother and father had had
to live with them.
He had planned on his allot
ment of six months from the gov
ernment to set him up in busi
ness. Now he would have to use
it to pay on those debts, and find
a job to carry them along. It was
a very discouraging state of af
fairs; sometimes he wished he
were still back on some Pacific
Island, and he wondered how many
ex-soldiers were facing just such a
problem; wondered how many were
capable of solving such a prob-
em? Was he?
Those five little words “capable
of facing a problem” caused him
to stop and think. Was he really
capable? He had been considered
so in the Army. He had been relied
on time after time both for judg
ment and activity. Was he going
to let down now, let down not only
himself but his family?
The quotation above became
his motto. It took him several
weeks to really get back into his
stride. But he got a job, and he
skimped and saved until the debts
were paid, then he settled in a
business of his own.
CROSSWORD PUZZLE
51
60
68
72
75
7
28
61
29
62
21
24
15
18
37
57
69
73
76
30
43
53
63
25
31
38
58
70
8
22
10
11
16
19
26
23
32
39
54
64
49
59
44
55
40
33
45
12
34
65 66
74
77
35
67
PUZZLK ,No Its
ACROSS
1 Norse god
5 Small Euro
pean herring
10 To burn
14 A nimbus
15 Forego
IS Hearty
17 God of war
18 Kind of duck
19 Appellation
of Athena
20 Climate
22 Growled
24 Consumed
26 Occupy a
seat
27 Frisky
30 Canine
32 Narrates
36 Gets up
38 Gratuity
40 To annoy
41 Varangians
42 Discolored
45 Pronoun
46 Inactive
48 Part of
circle
49 Analyzed
grammatically
81 Shabby
53 Roman
bronze
58 Tall marsh
grasses
56 Noun
suffix
88 Broad piece
of paper
00 Rattling
noise
64 Attacks
68 City in
Nevada
69 Requires
71 Golf club
72 Extraordi
nary person
73 Indian tent
74 Hook money
75 Strokes
lightly
76 Sideslips
77 Cooky
DOWN
1 To grow
genial
2 Rabbit
3 Genus of
olives
4 Lists
5 Sugary
6 Coupled
7 To disen
cumber
8 Farewells
9 Gull-like
birds
10 Hire
11 Part of
house
12 Opposed to
aweather
13 Peruse
21 Dislikes
intensely
23 River Island
25 Observes
27 City of
France
18 Eat swav
r
passageway
31 A.coholio
drink
33 Untied
34 Covered
inner sur
face of
35 Winter
vehicles
37 As it stands
(mus.)
39 Enthusiasm
43 A macaw
44 Challenges
47 Newspaper
executives
50 Sells in
small quan-
[ifiaaa
titles
While
Screened
from sun
Leases
Letter of
alphabet
(pi. i
Trim
River of
Asia .
The dill
Giving off
fumes
Persia
Girl’s name
To cut off
Slender
flniel
p
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rrr
A MERICAN consumers are hav
ing to meet debt payments
totalling approximately $3 billion
a month on installment purchases,
or something like $230 million more
a month than a year ago, accord
ing to figures recently released by
the Federal Reserve Board.
This not only is adding to the
increased cost of living, but is
also preventing the average fam
ily from taking on more install
ment purchases st this time,
which is one reason why the Board
has clamped down on installment
purchases before now. In the
meantime, the total installment
debt reached a new high of $29,-
427 billion at the end of August.
To this figure add such consumer
debts as charge accounts and
single-payment loans, and the
total consumer debt soars to $37,-
503 billion, some $3,876 billion more
than a year ago, and also a new
high.
Another reason for the new high
cost of living is now showing up in
the nine-month bank statements
which are being filed on call from
the Federal Board. This is the in
creased cost of interest. The
bank statements are showing that
the banks are collecting from
eight to 17% increases in net
profits on these interest rates,
and at the same time are show
ing that bank desposits are on
the downgrade from five to 10%.
As an example the nation’s second
largest bank, the Chase Manhat
tan in New York reported net
operation earnings for the nine-
month period of $35,480 millions,
up from $31,563 millions for the
same period last year; total loans
of $3,554,909 billion, up from $3,-
230,918 a year ago; and total de
posits of $6,492,985 billions on
Sept. 30, down from $6,573,504
on June 30th.
Meanwhile at the American Min
ing Congress in Los Angeles re
cently, a warning was sounded
by one of the country’s leading
brokers, B. F. Pitman Jr., presi
dent of Pitman & Co., investment
brokers of San Antonio, Texas,
that the nation’s horde of gold re
serves at Fort Knox is in danger.
He pointed out that while the na
tion’s stockpile of strategic metals
and materials was growing fan
tastically, our gold reserves re
main virtually unchanged at some
$21,800 billions, while at the same
time foreigners hold more than
$17 billions in short term claims
against it.
In viewing the present cost of
living which reached a new high
recently there is a growing move
ment that the base of the Labor
Department Statistics upon which
the living cost index is based
should be changed to more clearly
indicate the real costs of living.
For instance, it is cited that many
factors are not included in these
living costs which are today going
into the average family’s budgets
—such items as notions, thread,
needles, pins, yard goods, and
much of the stocks of the nation’s
five and ten department stores;
sueh services as haircuts, clean
ing A pressing, shoe half-soles
and heels, parking costs, beauty
parlor lervices, filling station,
services, toll roads, radio and
television service, newspapers and
magazines, various forms of in
surance, and many other items ...
all of which have increased from
100 to 300% during the past four
to five years.
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'
CORNER POSTS . . . Heavy concrete posts ss shown eliminate
need for diagonal bracing in fence corners. Wire is attached to
galvanized pipe which has been 'inserted through large eyebolts
set in the concrete.
, •',
■ •J.’ ! •• .*
SUEZ DEBATE • • • Soviet foreign minister Shepilov (U
UN his nation opposes international Sue* control, as
Selwyn Lloyd and U. S. state secretary John Foster Dulles
This an" That-
When they finish writing the
record books for the 1956 World
Series there should be a footnote
indicating the fact that Casey
Stengel, the Yankee mastermind
whose charges humbled the Brook
lyn Dodgers piloted the Brooklyn
team three years, 1934-35-36, fin
ishing 6th, 5th and 7th, respec
tively, in the National League . . .
The first public race course, was
the Smithfield Track, built about
1174, in London. The date is gen
erally recognised as the birthday
of organised racing under saddle
. . . The Greek word “Olympiad”
concerns a measure of time, and
means a period of four yean. The
early “Olympic Games” took
place at the end of every “Olym
piad,” or every four years. Accord
ing to legend, the idea for the
Olympics originated with the
Idaean Heracles, a diplomat, and
the games did much te
Greece, ((then known as Hellas)
which was made np of war!
unrelated tribes . . . Soccer fa
favorite sport of such na
NEW CUB PILOT . . .
er P. K. Wrigiey
Schefflng, 41, field
succeed Stan Hack
ex-Cub catcher and
Lee Angeles club.
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